Investment Apartment Building in Kurashiki, Okayama
This is a wooden two-story apartment building, "Alcange Hirata," located in Hirata, Kurashiki City, Okayama Prefecture. The property is being offered for sale as a single-building investment, presenting an opportunity to acquire a multi-unit residential asset in a popular and stable rental area. The building was constructed in March 2018, making it a relatively new construction that helps to keep future maintenance costs low.
The property consists of a total of 6 units. The building has a total floor area of 233.52 square meters (116.76 square meters per floor) on a land area of 360.00 square meters. It features a propane gas system, public water supply, public sewer, side ditches, a hot water supply system, a boiler-type hot water system, electricity, dedicated toilets, separate bath and toilet, a heated toilet seat with bidet, a shower, an indoor washing machine space, internet connectivity, a TV monitor intercom, bicycle parking, and a solar power generation system. The building also has a delivery box in the common area and a built-in Wi-Fi internet connection in each unit.
The property is located a 21-minute walk from Kurashiki Station on the JR West Sanyo Main Line and a 7-minute walk from the nearest bus stop. The surrounding area of Hirata, Kurashiki City, has many shops and is a popular area with stable rental demand. The property currently has two vacant units, which are being actively recruited for tenants. The annual income is projected at 5,196,000 yen, with a gross yield of 5.19%. This annual income projection includes an estimated 540,000 yen per year from the sale of electricity generated by the solar power system.
