Investment Opportunity: High-Yield Apartment Building in Kurashiki, Okayama
This property is a two-story wooden apartment building named 'L Apart', located in the Kojima Akasaki 4-chome area of Kurashiki City, Okayama Prefecture. Built in June 1964, the building offers a total floor area of 216.93 square meters, distributed as 97.08 sqm on the first floor and 119.85 sqm on the second. The land size is a substantial 235.03 square meters. The layout is configured as 1LDK units.
Critical agent notes provide essential financial and operational details. The property is equipped with propane gas, city water, sewer, electricity, and features separate bath and toilet facilities. The road frontage details note a southeast-facing, 6.5-meter-wide public road. Most importantly, the remarks highlight a strong investment profile: the projected yield at full occupancy is 18.6%. Currently, one room is rented for a monthly income of 30,000 yen, and a shop combined with one room is rented for a total of 110,000 yen per month. The listing also states there are '告知事項あり' (matters to be disclosed).
The property is situated in a commercial zone within an urban planning area. It is currently tenanted, presenting an immediate income stream. The location offers convenient access to the JR Honshi-Bisan Line's Kojima Station, approximately a 17-minute walk (1360 meters) away.
The surrounding Kurashiki area is rich in culture and history. A major nearby landmark is the iconic Seto Ohashi Bridge, a series of double-decker bridges connecting Okayama Prefecture to Shikoku, offering spectacular views and recognized as a significant feat of modern engineering. The historic Kurashiki Bikan Historical Quarter, with its preserved Edo-period warehouses and canals, is also within reasonable reach and is a major tourist attraction known for its museums and traditional atmosphere.
