Investment Property in Okayama City: A Multi-Unit Apartment Building with Solar Power
This property, known as Chateau Tsushima, is a multi-unit apartment building located in the Tsushima Nishizaka 2-chome area of Kita-ku, Okayama City, Okayama Prefecture. The property is an owner-change (owner-change) investment opportunity, consisting of an 18-unit apartment building and one separate detached house. The current yield is approximately 9.62%, with a projected full occupancy yield of 10.5%.
The main building is a two-story steel-frame structure with a total floor area of 344.16 square meters, built in February 1987. The land area is 559.14 square meters. The apartment units are studio (one-room) layouts. The separate detached house has a floor area of 95.22 square meters, is a two-story wooden structure with a tile roof, and was newly built in April 1968.
The property is equipped with a solar power generation system (solar panels). Utility services include propane gas and a public water supply. A notable feature is the availability of free parking for three or more vehicles.
The site fronts a 4-meter-wide private road to the east, with a road frontage of 23.9 meters. The property is located in a Category 1 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%.
The location offers convenient access to daily amenities, with supermarkets and hospitals within a 10-minute walk. The nearest bus stop is Nishizaka Iriguchi, which is a 3-minute walk away, and Okayama Station is accessible via a 16-minute bus ride. The area is designated as a quiet residential neighborhood, popular with tenants.
