Income-Generating RC Apartment Building in Okayama City
This property is a four-story reinforced concrete (RC) apartment building located in Noda 2-chome, Kita-ku, Okayama City, Okayama Prefecture. It is being sold as an owner-change property with a current occupancy rate, offering a gross yield of 13.01% and an annual rental income of 11,710,000 yen. The building has a total floor area of 438.96 sqm and sits on a land area of 223.22 sqm. It was constructed in March 1985.
The building comprises 24 units in total. The layout details include a service room count, and the building is situated in a commercial neighborhood district (用途地域: 近隣商業地域) within an urbanization promotion area (都市計画: 市街化区域). The building coverage ratio is 80% and the floor area ratio is 300%. The land is classified as residential land (地目: 宅地).
Regarding road access, the property fronts two public paved roads: a 4-meter-wide road to the north and an 8-meter-wide road to the east. The nearest station is Daizen Station on the Uno Line, which is a 16-minute walk away. Parking is not available on-site.
Transaction terms are subject to consultation (引渡相談), and the property is handled by Kōraku Real Estate (株)後楽不動産. This listing provides a significant investment opportunity in Okayama City with immediate rental income.
