Investment Apartment Building in Soja City
This property is a multi-unit apartment building located in Soja City, Okayama Prefecture, situated along the main artery of Soja City Hall Street. It is well-positioned for single individuals and students, with a well-developed surrounding environment where a bicycle makes daily life convenient.
The building, named "Peer ACE 21 A to C Blocks," is a two-story wooden structure with a total of 30 units. It was built in February 1994. The land area is 1,140.79 square meters (approximately 345.09 tsubo), and the total floor area is 612.26 square meters (approximately 185.21 tsubo). The property includes parking for one car free of charge. The road frontage details indicate it faces two roads (excluding corner lots): a 16.2-meter-wide public road to the north with a 30.6-meter frontage (paved), and a 4-meter-wide public road to the south with a 30.2-meter frontage (paved). The property has already completed its setback requirements.
Financial highlights include a surface yield of 10.6% with an occupancy rate of 66% (20 out of 30 units occupied). The assumed yield for full occupancy is 15.4%. The property is offered as an owner-change transaction and is currently tenanted. The land is zoned for Category II residential and Category I low-rise residential areas, with a building coverage ratio of 60% and a floor area ratio of 200%. The nearest station is Higashi-Soja Station on the Kibi Line, approximately 1,200 meters away (a 15-minute walk). The property is handled by Ebisuya Co., Ltd.
