Investment Apartment Building in Okayama City
This property, K Corp, is a multi-unit apartment building for sale located in Higashi Hanazono, Kita-ku, Okayama City, Okayama Prefecture. It is a popular income-generating property in a sought-after area, currently tenanted and offered as an owner-change property with an 8% yield (4.03 million yen annual rent). The building is a two-story steel-frame structure with a total of 8 units, built in March 1986.
The property sits on a land area of 495.92 sqm (approx. 150.02 tsubo) with a total floor area of 163.72 sqm (approx. 49.53 tsubo). The layout consists of 3K units, with room breakdowns of K6, Western-style room 6, Western-style room 4.5, and Western-style room 4.5. There is parking available for 3 or more cars free of charge, and bicycle parking is also provided.
Equipment and Facilities: The property is equipped with propane gas, air conditioning, hot water supply, a dedicated toilet, separate bath and toilet, shower, indoor washing machine space, and bicycle parking.
Road Access Details: The property fronts a single road to the east, which is a 5-meter-wide public paved road.
Location and Area: The property is located 2400 meters (approx. 30 minutes on foot) from Niwase Station on the Sanyo Main Line. It is in a quasi-industrial zone within an urbanization promotion area. Nearby amenities include Ryo Nan Elementary School (530m) and Kibi Junior High School (1,600m).
