Etoile Mizushima: A Prime Investment Opportunity in Kurashiki
This property listing presents Etoile Mizushima, a four-story steel-framed apartment building located at 170-15 Mizushima Kitakasuga-cho, Kurashiki City, Okayama Prefecture. Built in March 1991, the building has a total floor area of approximately 236.64 square meters (about 71.58 tsubo) spread across eight units, each configured as a 1K layout. The land area is 106.59 square meters (about 32.24 tsubo). The property is currently tenanted, offering an immediate income stream with a surface yield calculated at over 10% and an owner change yield of 10.85%, equating to 3.74 million yen.
Critical agent notes have been translated and provide essential details. The equipment and facilities include city gas and separate bath and toilet units. Special notes on road access specify that the property fronts a single road to the north, which is a 6.9-meter wide public road with pavement. The land is flat, situated within an urbanization promotion area zoned for neighborhood commercial use, with a building-to-land ratio of 80% and a floor area ratio of 200%. Parking is not available on-site.
