Investment Opportunity: Six-Unit Apartment Building in Asakuchi, Okayama
This property is a six-unit apartment building located in the Suez area of Konko-cho, Asakuchi City, Okayama Prefecture. Constructed in March 1998, the building is a two-story steel structure with a total floor area of 281.2 square meters. The land area is a substantial 784.53 square meters, providing ample space. The property is currently tenanted, offering an immediate income stream for an investor. The layout consists of six separate 2DK (two rooms plus dining-kitchen) units.
Critical agent notes have been translated. The equipment includes propane gas and an indoor washing machine space. Special remarks detail that this is a 2DK x 6-unit building with a surface yield of 7.89%. Significant renovations were completed in 2016, including exterior wall painting, full asphalt replacement for the parking area, installation of storage sheds for all units, and the addition of a bicycle parking area.
The property features a parking lot available for 3,000 yen per space. It is situated in a Quasi-Industrial zone within a City Planning Area. The location offers convenient access to Konko Station on the Sanyo Main Line, approximately an 18-minute walk (1,440 meters) away.
The surrounding Asakuchi area is part of the scenic Okayama Prefecture, known for its mild climate and historical sites. An interesting local fact is that the nearby city of Kurashiki is famous for its beautifully preserved Edo-period merchant quarter, the Bikan Historical Area, with its iconic white-walled warehouses and willow-lined canals. The closest major landmark from this property is the historic Kinojo Castle ruins, which offer panoramic views and a glimpse into the region's samurai past.
