Palere Tsushima Higashi: A Prime Investment Apartment Building Near Okayama University

This property presents a compelling investment opportunity in the form of a four-unit apartment building named "Palere Tsushima Higashi." Strategically located just a 9-minute walk from Okayama University, it capitalizes on a robust and consistent rental demand driven by both domestic and international students, creating a thick layer of tenancy. The building is currently fully occupied, demonstrating its strong appeal and low vacancy risk.

The property was constructed in April 2016, offering the advantages of a relatively new build with good structural condition, which helps keep future repair and maintenance costs manageable. The building is a two-story wooden structure with a total floor area of 123.88 square meters, distributed across four units. The land area is 125.02 square meters. It is situated in the Tsushimahigashi 3-chome neighborhood of Kita Ward, Okayama City, Okayama Prefecture.

Key investment highlights include its prime location, the security of a newer construction, and high profitability. A critical note from the agent states: Surface yield: 6.99% (as of March 21, 2026). This yield surpasses area averages, offering a high level of income gain. The manageable scale of four units combined with the excellent location also suggests high liquidity for a future exit strategy, making it an ideal partner for steady asset formation without the worries of difficult vacancy measures. As it is fully occupied, it is ready for immediate revenue generation.

The surrounding area of Kita Ward is a vibrant academic hub centered around Okayama University. An interesting fact is that Okayama is known as the "Land of Sunshine" due to its remarkably sunny and mild climate. The closest major landmark is the iconic Okayama Castle, a historic black castle known as "Crow Castle" (Karasu-jo), located a few kilometers southeast, offering beautiful gardens and a glimpse into the region's samurai history.