Investment Apartment in Central Okayama City

This property is a one-room apartment (1K layout) located on the 4th floor of a 7-story reinforced concrete building in the Minami Chuo-cho district of Okayama City's Kita Ward. The unit has a private area of 16.61 square meters (approximately 5.02 tsubo) and was built in March 1986. The building is managed under a fully delegated, patrol-based system.

As an investment property, it is currently tenanted, generating an estimated annual rental income of 444,000 yen, which translates to a projected annual yield of 15.31%. The sale price is 2.9 million yen, with monthly running costs including a 5,400 yen management fee, a 2,200 yen repair reserve fund, and a fixed water charge of 2,000 yen. There is no dedicated parking space. The transaction is subject to the condition that the current management company is retained.

The apartment is conveniently situated within a 5-minute walk from Higashi Chuo-cho Station on the Okayama Electric Tramway's Seikibashi Line. The neighborhood is zoned as a commercial district and is within walking distance of local elementary and junior high schools.

Equipment and features include propane gas, tap water, sewerage, and hot water supply. The property comes with defect insurance and a performance evaluation. The agent notes that the floor plan diagram prioritizes the current condition of the property.