Investment Opportunity: Six-Story Apartment Building in Okayama City
This listing presents a substantial investment property: a six-story, steel-framed apartment building constructed in July 1991. The building, located in Okayama City's Kita Ward, offers a total floor area of 640.80 square meters and sits on a generous land plot of 700.48 square meters. The layout consists of 40 studio (1K) units, providing a steady rental income stream. The property is currently tenanted and will be transferred in its present condition.
Critical agent notes provide essential details. The listing includes another building, referred to as Building No. 2, which is also a six-story, steel-framed structure with a slate roof, built on July 31, 1991. It has a building footprint of 110.77 square meters and a total floor area of 640.80 square meters, also configured with 40 studio (1K) units. The seller expresses a hope for the management company to be taken over by the new owner. The building is equipped with a septic tank system and an elevator. The transaction is for the property in its current, tenanted state.
The Tsutaka area in Kita Ward offers convenient local living. An interesting historical fact about Okayama is its nickname, "The Land of Sunshine," due to its remarkably high number of clear, sunny days each year, which contributes to a pleasant climate. The property is situated within a reasonable distance of central Okayama, providing access to the city's renowned cultural sites. The closest major landmark is the iconic Okayama Castle, famous for its striking black exterior, often called "Crow Castle," and its beautiful Korakuen Garden, one of Japan's three great gardens.
