Investment Opportunity: Excellent Daikyō Apartment Building in Okayama City

This is a multi-unit apartment building for sale, located at 1-chome 6-17 Daikyō, Kita-ku, Okayama City, Okayama Prefecture. The property, named "Excellent Daikyō," is a reinforced concrete (RC) structure built in October 1988, standing six stories above ground. The total land area is 143.98 square meters (approx. 43.55 tsubo), and the total building area is 516.7 square meters (approx. 156.30 tsubo).

The property comprises a total of 17 units, including 5 units of 1K layout, 10 units of 1DK layout, and 2 tenant spaces. The property is currently fully occupied as of April 2026, generating a gross yield of 8.05%. The actual monthly rent is 839,000 yen. The property is being sold as an owner-change (owner-occupied) transaction.

Equipment and facilities include propane gas, city water supply, an elevator, electricity, and dedicated toilets for each unit. The property faces a 11-meter-wide public road to the south with a 9.8-meter frontage, and a 1.7-meter-wide public road to the east with a 14-meter frontage. The property is located in a commercial zone with a building coverage ratio of 80% and a floor area ratio of 400%. The land is flat and rectangular in shape.

Important notes from the listing: Please be advised if the property is already sold. If the drawings differ from the current condition, the current condition takes precedence. A prescribed commission fee will be charged upon closing for brokerage properties. Consumption tax will be added to the fee. The transaction is on an as-is basis. The seller assumes no liability for contractual non-conformity. The property is located a 5-minute walk from Higashi-Chuo-cho Station on the Okayama Electric Tramway Seikibashi Line, and a 3-minute walk from the Megurin city bus stop.