Income Property Near Okayama University – Two-Building Duplex
This property is a two-building, multi-family residential income property located in the Tsushima Shinno 2-chome area of Kita-ku, Okayama City, Okayama Prefecture. Situated in the Tsushima Elementary School and Kyoyama Junior High School school zones, the property benefits from its proximity to Okayama University. Each unit includes free parking for two cars, and both units are currently occupied by tenants, generating a steady rental income stream.
The property consists of two detached wooden buildings, each with two floors. The total building area is 79.92 square meters, with the first floor covering 40.08 square meters and the second floor 39.84 square meters. The land area is 50.9 square meters. The layout for each unit is a 3LDK, comprising a 15-tatami mat living/dining/kitchen area and three Western-style rooms of 8, 6, and 5 tatami mats. The property was built in May 2009. The exterior features tile cladding.
Equipment and facilities include propane gas, air conditioning, a hot water supply, a dedicated toilet, a separate bath and toilet, a reheating function for the bath, and a TV monitor-equipped intercom. The property offers two free parking spaces. The current monthly rent for the West unit is 140,000 yen, and for the East unit is 110,000 yen, for a total monthly income of 250,000 yen, translating to an annual income of 3,000,000 yen. The property is being sold as a owner-change transaction with a yield of 6.9%.
