Multi-Unit Apartment Building for Sale in Okayama City
This property is a multi-unit apartment building located in Okayama City, Minami Ward, Shinfuku 1-chome. The building is a two-story wooden structure constructed in March 1990, with a total floor area of 144 square meters on a land area of 144.07 square meters. The property is zoned as a Category 1 Residential Area within an urbanization promotion area.
The property features propane gas, a municipal water supply, and a septic system (浄化槽). The road frontage details indicate a single road frontage facing southeast, with a width of 6.2 meters on a public road. The land is flat in topography.
As of February 2026, all 8 units out of a total of 8 units are currently occupied by tenants. The current annual income is 2,820,000 yen, and the current gross yield is 9.91%.
Access is approximately 280 meters (a 4-minute walk) from the Okayama Denki Bus "Hamanonishi" bus stop. The property is within a quiet residential area and is being sold as a going concern with immediate handover possible.
