Apartment Building for Sale in Okayama City
This property is a reinforced concrete apartment building located in the Kita-ku ward of Okayama City, Okayama Prefecture. The building, named Oak I, was constructed in August 1987 and has three stories above ground. It comprises a total of 12 residential units.
The property sits on a plot of land measuring 903.62 square meters. The total floor area of the building is 726.6 square meters. The site is zoned for Category 1 residential use within the urbanization promotion area. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is under full ownership rights.
Parking is available on the premises, with space for three or more cars, and this parking is offered free of charge. The property is currently being rented out, and the transaction is an owner-change sale, with a current yield of approximately 5.72% based on an annual rent of 9.6 million yen.
The building is located about a 12-minute walk from the Kitanagase Station on the Sanyo Main Line. The address is 3-18-20 Ima, Kita-ku, Okayama City, Okayama Prefecture.
