Investment Opportunity: Apartment Building in Okayama City
This property presents a significant investment opportunity: an entire apartment building for sale in Okayama City, Okayama Prefecture. The building, constructed in February 1987, is a two-story steel structure with a total floor area of 344.16 square meters (approximately 104.11 tsubo). It sits on a generous land plot of 547.01 square meters (approximately 165.47 tsubo) located in the Tsushima Nishizaka 2-chome area of Kita Ward. The property is currently tenanted, offering immediate rental income.
Critical agent notes provide essential details for investors. Special notes indicate that parking for three or more vehicles is available and free of charge. Further remarks clarify that a detached house (wooden construction, tile roof, two stories, 95.22 sqm, built in April 1968) is also included in the simultaneous sale. The property includes a share in a private road, and importantly, income generated from solar power installations is factored into the investment yield calculations.
The area is part of Okayama City's Kita Ward, a well-developed residential and academic district. An interesting local fact is that Okayama is famously known as the "Land of Sunshine" due to its exceptionally sunny and mild climate, which is ideal for the solar income mentioned in the property notes. The closest major landmark is the iconic Okayama Castle, a national historic site with its distinctive black exterior, located just a few kilometers southeast of the property and easily accessible for residents and visitors.