Investment Property: Apartment Building in Okayama City
This property is a single building containing 18 apartment units, located in the Daiku area of Kita-ku, Okayama City, Okayama Prefecture. The building is currently fully occupied and generating rental income. The total land area is 154.31 square meters, and the total floor area of the building is 394.95 square meters. The building is a four-story steel-frame structure, completed in March 1984. The property is zoned for commercial use, with a building coverage ratio of 80% and a floor area ratio of 400%. The site fronts a 7-meter-wide public road to the west. This is an owner-change property, meaning the ownership can be transferred with the existing tenants in place, offering an immediate yield of 9.03% with annual rent of 6.86 million yen. The property is located within walking distance of Okayama City Hall and is about a 16-minute walk from Okayama Station on the Sanyo Main Line. The nearest bus stop is 'Shiyakusho-mae' (City Hall), which is a 2-minute walk away.
