Investment Apartment Building in Tamano, Okayama
This property is a two-story, lightweight steel frame apartment building located at 1608-7 Hachihamacho Mishi, Tamano City, Okayama Prefecture. Constructed in February 1990, the building has a total floor area of 156.7 square meters and sits on a land area of 254.22 square meters. The layout consists of four 2DK units, each measuring 40.25 square meters.
The property is equipped with propane gas, a public water supply, a public sewer system, air conditioning, a water heater, electricity, a private toilet, a separate bath and toilet, a shower, and a TV monitor intercom. The site is situated on two roads, excluding the corner lot, with a northwest-facing frontage of 12.8 meters on a 16-meter-wide public paved road, and a southeast-facing frontage of 12.8 meters on a 7-meter-wide public paved road.
Notable features include parking for three or more vehicles, available free of charge. The property is being sold as an owner-change, with an annual rental income of 2,232,000 yen and a gross yield of 16.53%. The four units and four parking spaces are currently fully occupied. The property is located in an urbanization control area and is zoned for residential use. The building coverage ratio is 60% and the floor area ratio is 100%.
