Investment Property: Maison La Bonheur in Okayama City

This property, Maison La Bonheur, is a multi-unit residential building located in Kinta, Higashi-ku, Okayama City, Okayama Prefecture. It is an owner-change property currently under lease, offering an immediate income stream. The building comprises eight single-resident units, each with a 1K layout, and includes eight parking spaces for residents. The total land area is 389 square meters, with a building area of 185.8 square meters. The building was constructed in November 1999 and is a two-story steel-frame structure.

The property is situated on a corner lot with two road frontages: a 6-meter-wide public road to the north (29 meters of frontage) and a 4-meter-wide private road to the east (10 meters of frontage). Utilities include propane gas, a municipal water supply, a septic tank, dedicated toilets, and showers for each unit. The property is located in a urbanization control area with no specific zoning designation. The land is registered as residential land, with a building coverage ratio of 60% and a floor area ratio of 200%.

Financial details from the listing notes indicate that the property is being sold in its current condition, with the seller not assuming responsibility for any contract non-conformity. The parcel numbered 1032-1 is currently a location-designated road. The projected annual income when fully occupied is 2,880,000 yen, with a gross yield of 11.6% and a net yield of 8.7% as of March 2026.