Investment Apartment Building in Okayama Prefecture
This is a multi-unit apartment building named "Pafio" located in Akaiwa City, Okayama Prefecture. The property is a wooden two-story building constructed in March 2011, with a total of four residential units. The building was constructed by Daito Kentaku, a major Japanese homebuilder. A sublease contract (30-year full pack) is in place.
The property sits on a land area of 320.18 square meters (approx. 96.85 tsubo), with a total building area of 209.57 square meters (approx. 63.39 tsubo). The layout consists of two 2DK units on the first floor and two 2LDK units on the second floor. Parking is available for three or more cars at no additional cost.
The location is at 1-1-188 Sakuragaoka Higashi, Akaiwa City, Okayama Prefecture. It is a 4-minute walk (280 meters) from the Higashi-itchome bus stop on the Akaiwa City Bus line. The property is in a Category 1 Low-Rise Residential Zone within an Urbanization Promotion Area. The building coverage ratio is 50% and the floor area ratio is 100%. The land is flat and trapezoidal in shape. The road frontage is on a single, paved public road to the northwest, with a width of 6 meters and a frontage of 14.4 meters.
Key financial details include an annual gross income of 2,562,600 yen (when fully occupied), yielding a gross return of approximately 8.0%. Currently, one unit is vacant. The property is being sold as an owner-change investment.
