Investment Opportunity: Three Multi-Unit Apartment Buildings in Tsuyama, Okayama

This listing presents a significant investment opportunity: a portfolio of three multi-unit apartment buildings comprising a total of 34 households, located in Tsuyama City, Okayama Prefecture. The property is offered for sale at 110,000,000 JPY. The complex, built in June 1986, sits on a substantial land area of 2,704.14 sqm and features a total building floor area of 648 sqm across three stories. The layout consists primarily of 2DK and 3DK units.

Critical agent notes have been translated to provide essential details. The equipment and facilities include centralized propane gas, city water supply, a septic tank, air conditioning, private toilets, separate bath and toilet rooms, bidet toilet seats, showers, and a bicycle parking area. Special notes on road access indicate the property fronts a single road to the east, which is a 6.2-meter wide public paved road. Key special remarks highlight that parking is available for three or more vehicles at no extra cost. Further detailed remarks (備考1) break down the three buildings: Building ① has 10 households in 2DK units; Building ② has 6 households in a mix of 3DK, 2SLDK, and 1SLDK units, with a reinforced concrete flat roof structure, a floor area of 459.27 sqm, and was newly built in September 1987; Building ③ has 18 households in 2DK and 3DK units, with a steel structure, a floor area of 913.41 sqm, and was newly built in September 1993. The notes also mention an owner change, an assumed surface yield of 16.55% at full occupancy, and that security deposits are handled separately by unit.