Income-Generating Apartment Building in Okayama City
This property is a two-story wooden apartment building located in the Shimoiizuka-honmachi area of Kita-ku, Okayama City, Okayama Prefecture. The building is being sold as a single asset and is currently tenanted, offering an immediate income stream with a reported yield of 5.28%. The total land area is 73.55 square meters, and the total building floor area is 69.12 square meters, divided equally between the first and second floors at 34.56 square meters each. The layout of each unit is a 1LDK (one bedroom, living/dining/kitchen) configuration.
The property is equipped with propane gas, a municipal water supply, a sewer connection, a hot water system, and electricity. Each unit features a private toilet, a separate bath and toilet, an open kitchen, and storage space. The building faces a 2-meter wide private road to the north and has paving. The property is located approximately a 9-minute walk from the Bizen-Mikado Station on the Kibi Line, providing access to public transportation. The area is zoned as a Category 1 Residential District within the urbanization promotion area. The building was constructed in May 2004.
