New Orleans House: A Well-Established Apartment Building Investment in Kurashiki
This property listing presents New Orleans House, a 10-unit apartment building constructed in October 1993, located in Kurashiki City, Okayama Prefecture. The building offers a solid investment opportunity with a consistent rental history, currently fully occupied as of September 2024. The property is being sold as a complete building (一棟売アパート).
Critical agent notes have been translated and provide essential details. The Special Notes/Remarks on Road Access (接道状況詳細) specify: "One-sided road, Northwest, width 5.4m, public road, paved." Furthermore, Special Notes/Remarks (特記事項) highlight: "Parking for 3 or more vehicles. Parking for 3 or more vehicles is free." This confirms excellent parking availability for tenants at no additional cost.
The property sits on a substantial 912.99 sqm (approx. 276.18 tsubo) plot. The building itself is a two-story wooden structure with a total floor area of 653.76 sqm, evenly split between the first and second floors. All 10 units feature a 2LDK layout. The land is freehold (ownership rights) and is located within a City Planning Area zoned as Category 1 Low-Rise Exclusive Residential. The building coverage ratio is 60% with a floor area ratio of 200%. The land is flat and does not require a notification under the National Land Use Law.
The area of Kurashiki is rich in history and culture. A major nearby landmark is the iconic Kurashiki Bikan Historical Quarter, famous for its beautifully preserved Edo-period merchant houses and willow-lined canals. For investors, the property's location offers stability, with the building situated in a quiet residential zone while remaining within reasonable access to local stations like the Mizushima Rinkai Railway's Tokiwa Station.
