Investment Opportunity: Windia Minato I & II Apartment Building in Okayama City

This property, Windia Minato I & II, is a two-building apartment complex located in the Minato district of Okayama City, Okayama Prefecture. It is being offered as an owner-change (オーナーチェンジ) investment, meaning the current tenants remain in place, providing immediate rental income. The property comprises a total of eight units across two separate buildings, each with a floor area of 181.36 square meters, and is constructed from lightweight steel.

The total land area is 678.76 square meters, and both buildings are two stories high. The property is situated on a corner lot that fronts three roads: a 6.6-meter-wide public road to the northeast, a 0.9-meter-wide public road to the southwest, and a 1.8-meter-wide public road to the southeast. The property includes parking for more than three cars, with ten spaces available on-site, all offered free of charge.

Utility connections include propane gas, a public water supply, and a septic tank system. A monthly septic tank management fee of 6,178 yen applies, and a statutory cleaning fee of 90,880 yen is charged per occurrence. The property was built in May 1997 and is located in a Category 1 Low-Rise Exclusive Residential Zone, with a building coverage ratio of 50% and a floor-area ratio of 100%.

As of April 2026, seven out of the eight units are occupied and generating rental income. The current annual income is 4,085,244 yen, representing a gross yield of 8.17%. The property consists of three land parcels. Please note that a portion of the site is designated for a future city planning road (currently an unimproved area). The property is being sold at a price of 50,000,000 yen.