Investment Apartment Building in Okayama City
This property is a two-story steel-framed apartment building located in Okudaminami-cho, Kita-ku, Okayama City, Okayama Prefecture. Built in January 1978, the building offers a total floor area of 191.98 square meters and sits on a land area of 224.98 square meters. The land rights are freehold (ownership type). The building features a corner lot location with a western-facing frontage of 14.3 meters along a 5.3-meter-wide public road.
The property consists of six units in total. On the first floor, there are two office spaces. The second floor contains one 2DK room and two 1K rooms. The current rental income totals 213,000 yen per month, broken down as follows: the two offices generate 80,000 yen per month, the 2DK room rents for 40,000 yen per month, and the two 1K rooms together bring in 93,000 yen per month. This gives a current yield of approximately 8%. Please note that one of the 2K rooms on the second floor is currently vacant and has not been repaired, and there are disclosure items related to this unit.
The property is equipped with city water, a sewage system, air conditioning, electricity, separate bath and toilet, and a shower. Parking is available for two cars, free of charge, though availability depends on the vehicle type. The building is located in a quasi-fire zone within an urbanization area, designated as a Category 2 residential and neighboring commercial district. The building coverage ratio is 80% and the floor area ratio is 200%. The property is being sold as an owner-change (tenant-occupied) transaction and is ready for immediate handover.
