Investment Opportunity: Fully Occupied Apartment Building in Okayama City
This property, named "Anriure," is a two-story steel-frame apartment building located at 881-1 Maza, Kita-ku, Okayama City, Okayama Prefecture. Built in April 1998, the building comprises a total of 10 units, each with a 2DK layout. The total land area is 856 square meters (approximately 258.94 tsubo), and the total floor area is 470.14 square meters (approximately 142.22 tsubo). The property is situated on a north-facing, 8-meter-wide public paved road.
The building is currently fully occupied, offering a gross yield of 11.15% (annual rent of 5.57 million yen). The construction was carried out by Daiken Corporation. The property includes parking for 15 cars, available for a monthly fee of 2,200 yen per space. Facilities include a water supply, a septic tank, air conditioning, a separate bath and toilet, a shower, and bicycle parking.
The property is located in a Category 1 residential zone within an urbanization area. The building coverage ratio is 60%, and the floor area ratio is 200%. The land is registered as residential land. The nearest station is Tamabayashi Station on the Tsuyama Line, approximately 1,800 meters away. The property is being sold as an owner-change transaction.
