Investment Opportunity: Four-Unit Apartment Building in Tamano City, Okayama

This property is a four-unit apartment building located in Tamano City, Okayama Prefecture, presenting a turnkey investment opportunity. The building, named "View Tsuneyama," was constructed in February 1990 and features a light steel frame structure over two stories. The total floor area is 156.7 square meters, evenly split between the two floors. The property sits on a land area of 254.22 square meters, which is a flat, rectangular plot.

Translated agent notes provide critical details. The equipment and facilities include propane gas, city water supply, sewer system, air conditioning, hot water supply, electricity, a private toilet, a separate bath and toilet, a shower, and a video monitor intercom. Special notes on road access detail that the land fronts two roads: a 16-meter wide public road to the northwest with a 12.8-meter frontage, and a 7-meter wide public road to the southeast with a 12.8-meter frontage, both paved. Key remarks highlight that parking is available for three or more vehicles at no cost. The most important note states: "Owner change, annual rental income of 2.232 million yen, gross yield of 14.88%. 2DK (40.25 sqm) x 4 units, 4 parking spaces, currently fully occupied." This confirms the property is a fully tenanted, income-producing asset.

The area, Tamano City, is part of the Seto Inland Sea National Park, offering beautiful coastal scenery. A major nearby landmark is the historic Seto Ohashi Bridge, one of the world's longest two-tiered bridge systems connecting Honshu to Shikoku, which is a significant engineering feat and tourist attraction. This property offers investors a stable income stream in a region known for its maritime heritage and natural beauty.