Investment Apartment Building in Okayama City
This is a multi-family apartment building constructed by a major builder, located in the Nishi-Gawara area of Naka Ward, Okayama City, Okayama Prefecture. The property is an owner-change (オーナーチェンジ) investment opportunity, meaning it is currently occupied by tenants and generating rental income. The building offers a total of eight residential units, each with a 2DK layout, making it suitable for families or couples. The site covers a land area of approximately 211.62 tsubo (699.58 square meters), and each unit is allocated one free parking space.
The building was constructed in April 1988 and features a lightweight steel frame structure. The total floor area is 367.34 square meters. The property is situated in a Category 2 Medium-to-High-Rise Residential Zone (第二種中高層住居専用地域) within an urbanization promotion area. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is held under freehold ownership (所有権).
Access to public transportation is convenient, with a 10-minute walk to the Nishi-Gawara Station on the Sanyo Main Line. The property is connected to the public sewer system. Please note that the sale includes a proportionate share of the frontage designated road (private road). Additionally, there are conditions regarding the succession of the gas company contract. The current rental yield is approximately 7.55%, with an annual rent of 4.68 million yen.
