Investment Apartment Building in Okayama City
This property is a multi-unit apartment building located in the Kawairi area of Kita-ku, Okayama City, Okayama Prefecture. The building comprises four units, each with a 3DK layout, and is currently fully occupied, providing an immediate rental income stream. The reported gross yield is 12%, based on an annual rent of 1,630,000 yen against the asking price of 13,600,000 yen.
The building was constructed in May 1971 and is of block construction. It rises two stories above ground. The total land area is 273 square meters (approximately 82.58 tsubo), and the total building floor area is 92.64 square meters (approximately 28.02 tsubo). The property includes one free parking space. The land is under freehold ownership (所有権).
The property is an owner-change (オーナーチェンジ) listing, meaning the current owner is selling the building with the tenants in place. The property is situated approximately 480 meters (a 6-minute walk) from the Okaiden Kawairi bus stop, offering public transport access. The surrounding area is a residential zone in Okayama City.
