Property Overview
This is a 1K condominium unit located on the 5th floor of a 5-story reinforced concrete building in Okayama City's Kita Ward. The property has a floor area of 19.59 square meters and was built in June 1991. The unit features a corner room on the top floor with southern exposure and two-sided natural light.
The property is currently tenanted, generating a monthly rent of 31,000 yen plus a separate water fee of 2,500 yen per month. The annual projected rental income is 402,000 yen, yielding an estimated 16.08% return. The price has been reduced from 3.2 million yen to 2.5 million yen.
Equipment includes a heated toilet seat, separate bath and toilet, shower, IH cooking heater, air conditioner, internet connectivity, washing machine space, indoor washing machine area, lighting fixtures, refrigerator, auto-lock system, monitor-equipped intercom, security cameras, and a balcony of 1.5 square meters. The building has an elevator and bicycle parking. Utilities are propane gas, public water, and public sewer. The monthly management fee is 7,200 yen, and the repair reserve fund is 3,270 yen. No parking is available.
The property is located in the Ichijima-cho 3-chome area of Kita Ward, Okayama City, Okayama Prefecture, approximately 29 minutes on foot from Bizen-Mikado Station on the Kibi Line. The neighborhood is a quiet residential area.
