Investment Opportunity: Esty Minami-machi Apartment Building in Takahashi, Okayama

This listing presents a compelling investment opportunity: the Esty Minami-machi, a 16-unit apartment building located in Takahashi City, Okayama Prefecture. Constructed in February 1996, this three-story steel-framed building offers a total floor area of 470.24 square meters, distributed across its three floors. The property sits on a generous 350.96 square meter plot of land, providing ample space and potential.

Translated agent notes provide critical details on the property's condition and infrastructure. The equipment and facilities include: water supply, sewer system, air conditioning, hot water supply, electricity, private toilet, separate bath and toilet, shower, and an indoor space for a washing machine. Special notes regarding road access detail: one-sided road access on the east side, with a 4.8-meter wide public road, a frontage of 7.4 meters, and paved access.

The property is currently tenanted, generating an estimated annual income of 5.11 million yen, which translates to a projected yield of 11%. It offers a 1K layout and includes parking for two vehicles at a monthly fee of 5,000 yen per space. The location is highly convenient, being just a 4-minute walk (290m) from Bitchu-Takahashi Station on the Hakubi Line and a 2-minute walk (100m) from the Nihon Seimei-mae bus stop.

The surrounding area of Takahashi City is rich in history and culture, known for its well-preserved samurai district and the imposing Bitchu Matsuyama Castle, one of Japan's few remaining original castles and the highest elevated castle in the country. This historical landmark offers stunning views and a deep dive into Japan's feudal past, making the area attractive for residents and visitors alike.