Investment Apartment Building in Okayama City

This property, named City Heim Ausance, is a light-weight steel framed apartment building located in Tsushima Honmachi, Kita-ku, Okayama City, Okayama Prefecture. Constructed in February 1999, the building sits on a land area of 335 square meters and has a total floor area of 141.84 square meters. The building is a two-story structure containing six residential units. The property is situated in a first-class low-rise residential exclusive district within an urbanization promotion area. The building coverage ratio is 50% and the floor area ratio is 100%. The land is classified as mountainous forest land.

The property is being offered as an owner-change investment opportunity. According to the agent notes, the current status as of March 2026 is that five out of six units are occupied by tenants. The current annual income is reported as 2,344,800 yen, giving a current gross yield of 7.56%. The property features parking for four vehicles, with space for three or more cars provided free of charge. The road access is via a single public road on the northwest side, with a width of 5.4 meters. The property is located on high ground on a sloping site. Utilities include propane gas, a public water supply, and a public sewage system. A portion of the land falls within a sediment disaster warning zone (steep slope). The area is also designated as a Type 1 outdoor advertisement permit area. The property is subject to the Cultural Properties Protection Law and land development regulation areas. The nearest train station is Hōkaiin Station on the Tsuyama Line, which is 720 meters away, approximately a 9-minute walk.