Investment Apartment Building in Okayama City's Minami Ward
This property is a multi-unit apartment building located in the Senoo area of Minami Ward, Okayama City, Okayama Prefecture. The building is a two-story wooden structure comprising five residential units, completed in January 2015. The total land area is 442 square meters, with a building area of 284.44 square meters. Each unit features a 2LDK layout, with a living-dining-kitchen area of 11 tatami mats, a 6.5 tatami mat Western-style room, and a 6 tatami mat Western-style room.
The property is equipped with propane gas, a municipal water supply, and a septic tank. Each unit includes air conditioning, a hot water supply system, a dedicated toilet, a separate bath and toilet, a warm-water bidet toilet seat, a shower, an indoor washing machine space, and bicycle parking. The property is currently fully occupied and generating rental income, with a current yield of 6.47%. This yield includes an annual income of approximately 870,000 yen from solar power generation. The property is being sold as an owner-change (occupied) investment opportunity, with immediate handover possible.
The building is situated within a 9-minute walk from Senoo Station on the Uno Line. The area is designated as a Category 1 Residential Zone within an urbanization promotion area, with a building coverage ratio of 60% and a floor area ratio of 200%. The land is flat and faces a single road. There is parking available for a monthly fee of 3,300 yen.
