Meridian Kurashiki: A High-Yield Investment Apartment Building in Kurashiki, Okayama

This property is a two-story wooden apartment building named Meridian Kurashiki, located at 769-1 Tsurushinden, Tsurujima-cho, Kurashiki City, Okayama Prefecture. Built in July 1993 by Misawa Home Chugoku Corporation, the building spans a total floor area of 483.6 square meters (approximately 146.29 tsubo) on a generous land plot of 849.45 square meters (approximately 256.96 tsubo). The layout consists of 3LDK units, and the property is currently fully occupied and operational, presenting a turnkey investment opportunity.

Critical agent notes provide essential details. The parking situation is notably ample: there is parking for two cars per unit, totaling 16 parking spaces across the building, with two parking spaces provided free of charge. The property is situated on a corner lot with road frontage on two sides. To the north, there is a 4-meter wide public road that is paved. To the east, there is a 6-meter wide public road with a designated location and is also paved. Special notes confirm the property is being sold as an apartment building with a 10.5% yield. It is currently fully tenanted. The exterior walls and roof were repainted in Reiwa 4 (2022), and the building was constructed by Misawa Home.

The area of Kurashiki is rich in history and culture, famously known for its beautifully preserved Bikan Historical Quarter with its picturesque white-walled warehouses and willow-lined canals. A major landmark near this property is the iconic Kurashiki Ivy Square, a charming complex of red-brick buildings covered in ivy that was once a textile mill and now houses museums, shops, and hotels. The property offers a solid investment in a city that seamlessly blends historical charm with modern convenience.