Retro RC Apartment Building in Okayama City
This property is a reinforced concrete apartment building with a retro atmosphere, located in the Niwase area of Kita Ward, Okayama City, Okayama Prefecture. The building is an owner-change property currently tenanted, offering an estimated yield of 8.22% based on full occupancy. The total floor area is 992.08 square meters on a land size of 931 square meters. The building structure is reinforced concrete with a flat roof and stands five stories high. It comprises a total of 18 residential units: six 1K units and twelve 3LDK units. The exclusive area of each unit ranges from a minimum of 31.59 square meters to a maximum of 64.17 square meters.
The property features city gas, a public water supply, and a septic tank. Each unit is equipped with an air conditioner, separate bath and toilet, and an indoor washing machine space. There is also a bicycle parking area. The property includes one free parking space, which is a flat, uncovered type. The site fronts a public road to the east with a width of 6 meters, which is paved. The land is flat and located in a Category 1 Medium-to-High-Rise Residential Zone within an urbanization promotion area. The building coverage ratio is 60% and the floor area ratio is 200%.
The property is a 11-minute walk from Niwase Station on the JR Sanyo Main Line. It is conveniently located directly in front of the Halos Niwase store, a shopping facility, and is also close to elementary and junior high schools. The surrounding area offers various amenities. The building was constructed in September 1980. The land is freehold with all rights of ownership.
