Investment Opportunity: Next Nishigawara Apartment Building in Okayama City
This property presents a fully occupied apartment building investment in Okayama City. The building, named Next Nishigawara, is a wooden structure completed in March 2017. It comprises a total of 9 units, each with a 1K layout (one room plus kitchen), and is currently at full occupancy, providing immediate rental income. The total building area is 181.35 sqm (approximately 54.86 tsubo), situated on a land area of 163.69 sqm (approximately 49.52 tsubo).
Critical agent notes have been provided: The layout consists of nine 1K units (all currently occupied). The seller expresses a hope for the new owner to take over the existing management and gas company contracts. The property is connected to the public sewer system. The building is located within an urbanization promotion area, zoned as a Category II Medium-to-High-Rise Exclusive Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%. Parking is not available on-site.
