Investment Apartment Building in Kurashiki

This property is a wooden two-story apartment building located in the Toba area of Kurashiki City, Okayama Prefecture. The building contains six residential units, each with a 1K layout, and was constructed in May 2014. The total building area is 151.24 square meters, situated on a land plot of 215.69 square meters. The property is zoned for Category 1 low-rise exclusive residential use, with a building coverage ratio of 50% and a floor area ratio of 100%. The land is under full ownership rights and is designated as residential land. Access to the property is via a public road approximately 4 meters wide on the west side. The property is currently under a lease agreement with Leo Palace, a major rental management company. The current rental status shows that 4 out of 6 units are occupied as of April 2026, generating a monthly rent of approximately 169,150 yen, with a current yield of approximately 5.7%. The estimated annual rent when fully occupied is 2,029,800 yen, with a projected yield of 5.7%. Please note that the yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes, public dues, and other costs necessary for maintaining the property. The estimated rent and yield are calculated based on market rents, assuming full occupancy by adding rent for vacant units. Rental income is not guaranteed to be obtained reliably in the future. The property is located a 6-minute walk from Nakasho Station on the JR Sanyo Main Line, providing convenient access to public transportation. The surrounding area is a quiet residential neighborhood with low-rise buildings. Nearby amenities include the Lawson Nakasho Ekimae store (an 11-minute walk), the Ppure Himawari Nakasho store (a 15-minute walk), and the Sho Post Office (a 19-minute walk). The property is being sold with a negotiable delivery date. This is a brokerage transaction.