Income Apartment Building in Setouchi City, Okayama Prefecture
This offering is a two-story wooden apartment building comprising a total of 12 units, located in the Yamadaso district of Oku-cho, Setouchi City, Okayama Prefecture. The property is currently tenanted and is being sold as an owner-change (オーナーチェンジ) investment opportunity. The building, constructed in January 1993, has a total floor area of 390.84 square meters on a land area of 669.35 square meters. The layout includes four 2LDK units and eight 1K units, all equipped with dedicated toilets, separate bath and toilet, and a shower. The property is connected to propane gas, a public water supply, and uses a septic system for wastewater treatment. It also features air conditioning, hot water supply, electrical service, internet connectivity, shutters, storage space, and bicycle parking. The building is situated on a rectangular plot of land zoned as residential land (宅地) in an area not designated for city planning (都市計画区域外), with a building coverage ratio of 60% and a floor area ratio of 200%. The site is flat and fronts a 10-meter-wide public road to the northeast, with a 4.5-meter frontage. The property includes parking for nine vehicles on-site, with an additional five parking spaces rented nearby, though the transfer of these rental agreements requires confirmation. The annual fixed asset tax for fiscal year 2025 is 162,755 yen. The neighborhood offers convenient access to daily amenities, with the Oku Elementary School approximately an 800-meter walk away and the Oku Junior High School about 1,670 meters distant. The nearest train station is Oku Station on the Ako Line, a 14-minute walk from the property, and the Yamadaso Kita bus stop is just a one-minute walk away.
