Investment Opportunity: Palerha Shujitsu University Front Apartment Building in Okayama

This property is a two-story wooden apartment building constructed in February 2020, located in the Nishi-Kawara 1-chome district of Okayama City, Okayama Prefecture. The building, named "Palerha Shujitsu University Front," is situated within a short 8-minute walk from the JR Sanyo Main Line's Nishi-Kawara Station, offering convenient train access. The total land area is 210.01 sqm (approximately 63.53 tsubo), with a building area of 249.81 sqm spread across two floors. The property is currently tenanted, presenting an immediate income stream for an investor.

The building's facilities include propane gas, municipal water supply, sewerage, and electricity. Key investment details from the agent notes include a surface yield of 7%, management handled by Uni-Life, and a total of 8 units within the building. The unit mix ranges from 1R to 1K layouts, with sizes between 26 sqm and 36.6 sqm (approximately 8.8 to 11.3 tatami mats).

The property is located in Okayama City, the capital of Okayama Prefecture, known as the "Land of Sunshine" for its pleasant, mild climate. The area is famous for Korakuen Garden, one of Japan's Three Great Gardens, a stunning landscape garden dating back to the Edo period and located just a short distance from Okayama Castle. This combination of modern rental income and proximity to historic cultural sites makes for a compelling investment proposition in a vibrant regional city.