Investment Opportunity: T Silk I & II Apartment Complex in Setouchi City

This listing presents a compelling investment property consisting of two separate apartment buildings, T Silk I and T Silk II, located in Setouchi City, Okayama Prefecture. Currently fully tenanted, the complex offers a strong gross yield of 13.23% at full occupancy. The total asking price is 45,000,000 JPY, broken down as 30,000,000 JPY (excluding tax) for the buildings and 12,000,000 JPY for the land.

The property's facilities include propane gas, a septic tank system, and standard electricity. A key feature is the ample parking provision. There are a total of 9 parking spaces within the property grounds. Additionally, there is a separate leased parking lot off-site with capacity for 5 vehicles, which is currently provided to tenants. While this off-site parking is expected to be transferable, its final status is subject to negotiation with the contract holder as it is not part of the sale.

The buildings were constructed in January 1993. T Silk I comprises 8 units with 1K layouts, while T Silk II contains 4 units with 2LDK layouts. The total land area is 669.35 sqm, with a total building floor area of 390.84 sqm. The property is a two-story wooden structure. The land is designated as residential land and public road, with ownership rights. The fixed asset tax amount for the 2025 fiscal year is 162,755 JPY.

The area is served by the JR Akō Line, with the Oku Station approximately a 14-minute walk away. Setouchi City is part of the scenic Seto Inland Sea region, known for its mild climate and beautiful coastal landscapes. A major nearby landmark is the historic town of Kurashiki, famous for its beautifully preserved Edo-period merchant quarter, the Kurashiki Bikan Historical Area, with its iconic willow-lined canals and white-walled warehouses.