Investor-Ready Apartment in Okayama City with Stable Rental Income

This property is a 3LDK apartment located in the Higashimatsu area of Kita-ku, Okayama City, Okayama Prefecture. It is a third-floor unit within a 10-story, steel-framed reinforced concrete building constructed in January 1987. The apartment has a dedicated floor area of 67.72 square meters and is currently tenanted, making it an ideal investment opportunity.

The unit features a balcony of 10.42 square meters and a private garden of 14 square meters. It is oriented to the southeast. The building has a total of 35 units and is managed by a property management company. The monthly management fee is 8,125 yen, the repair reserve fund is 2,781 yen, and there is a usage fee of 400 yen per month for the exclusive garden area.

As an owner-change property, the current rental income is 63,000 yen per month, providing a current yield of approximately 9.48% based on the purchase price (as of August 2025). The estimated annual rent when fully occupied is 756,000 yen, with an estimated yield of 9.4%. Please note that the yield is calculated as the ratio of annual rental income to the sale price, before deducting taxes and other necessary maintenance costs. This does not guarantee that rental income will be obtained in the future. The property is currently leased, and the lease contract must be assumed upon purchase. A neighborhood association fee of 200 yen per month is also applicable.

The apartment is located within walking distance of several train stations, including Daigen Station (11 minutes on foot) and Seikibashi Station (13 minutes on foot). It also offers convenient access to amenities such as a supermarket (Halos Higashimatsu store is a 6-minute walk away) and Okayama University Hospital (a 10-minute walk away). The property allows pets with consultation, and features an auto-lock system for security.