Income-Generating Apartment Building in Okayama City's Minami Ward
This property is a wooden, slate-roofed apartment building located in Shinbo, Minami Ward, Okayama City, Okayama Prefecture. The building comprises a total of six residential units and is being offered as an owner-change property, meaning the current landlord will transfer ownership along with the existing tenant agreements. The advertised gross yield is 10.43%, based on current annual rental income of 1,860,000 yen.
The building sits on a land area of 127.06 square meters (approximately 38.44 tsubo) and has a total floor area of 110.52 square meters (approximately 33.43 tsubo). Constructed in January 1991, the two-story building features a wooden structure. The property is situated in a Category 1 residential zone within an urbanization promotion area. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is flat and zoned as residential land.
Regarding utilities and equipment, the building is serviced by propane gas, a public water supply, a septic tank, and electricity. Each unit has a dedicated toilet, and the bath and toilet are separate. Access to the property is via a single public paved road on the east side. There is no parking available on-site. The property is located approximately a 16-minute walk from the Bizen-Saidaiji Station on the Uno Line.
