Investment Opportunity: Two-Unit Apartment Building in Tamano, Okayama

This listing presents a two-unit apartment building located in the coastal city of Tamano, Okayama Prefecture. The property, named the "Wada 3-chome Apartment," is a solid investment opportunity currently generating rental income. The building was constructed in April 1972 and features a wooden structure. It sits on a land area of 221 sqm (approximately 66.85 tsubo) with a total building floor area of 86.6 sqm (26.20 tsubo). The layout for each unit is a 2DK configuration.

Critical agent notes have been translated to provide essential details. The property's equipment and facilities include: Propane gas, tap water, sewer system, hot water supply, electricity, private toilet, separate bath and toilet, shower, indoor washing machine space, and an intercom with a TV monitor. Special notes regarding road access detail: The property fronts a one-way public road to the north, with a road width of 1.6 meters and a paved frontage of 10.6 meters.

The property is listed under an owner-change condition, indicating a transfer of ownership. It boasts a high gross yield of 25.47%, based on an annual income of 560,400 yen. The building is currently fully occupied with two units, each renting for 46,700 yen per month. The land is freehold (ownership rights), and the property is located within an urbanization promotion area zoned as Category I Residential District. Building-to-land ratio is 60% with a floor area ratio of 200%.

The city of Tamano offers a relaxed seaside lifestyle within Okayama Prefecture. An interesting local fact is that Tamano is home to the Seto Ohashi Bridge, one of the world's longest two-tiered bridge systems, connecting Honshu to Shikoku. The closest major landmark is the scenic Setonaikai National Park, which encompasses the beautiful Seto Inland Sea and its many islands, providing ample opportunities for recreation and enjoying coastal views.