Spacious Investment Apartment Building in Okayama City

This property presents an excellent investment opportunity as an eight-unit apartment building located in the Takayanagi-Higashimachi district of Kita Ward, Okayama City, Okayama Prefecture. Constructed in August 1983, this two-storey wooden structure offers a substantial total floor area of 162.3 square meters, evenly distributed across its two floors. The building sits on a generous land plot of 264.36 square meters, providing ample space and potential.

Critical agent notes have been translated for clarity. The property's equipment includes propane gas, city water supply, and a sewer system. Special notes regarding road access detail that it fronts a one-way private road to the east, with a width of 4 meters. A significant feature is the parking situation, with special remarks confirming parking for three or more vehicles is available and free of charge for tenants.

The property is situated in an Urbanization Area zoned as Quasi-Industrial, with a building-to-land ratio of 60% and a floor area ratio of 200%. It is currently tenanted, offering immediate rental income. The location is highly convenient, with Bizen-Sammon Station on the Kibi Line just a 14-minute walk away, providing easy access to central Okayama and beyond.

The surrounding area of Kita Ward is a vibrant mix of residential comfort and urban convenience. An interesting local fact is that Okayama is famously known as the 'Land of Sunshine' due to its remarkably sunny and mild climate, which contributes to a high quality of life. The closest major landmark and premier tourist attraction is the stunning Korakuen Garden, one of Japan's Three Great Gardens, located just a short train or bus ride away in central Okayama City.