Multi-Building Apartment Complex Investment Opportunity in Kurashiki, Okayama

This is a unique investment opportunity featuring a three-building apartment complex located in Kurashiki City, Okayama Prefecture. The property consists of Building A, Building B, and Building C, all situated on a single expansive land parcel of 2,907.68 square meters. Building A was constructed in May 1972, is four stories high, and contains 16 units of 3K layout, with a total floor area of 730.29 square meters. Building B was also constructed in May 1972, is three stories high, and contains 12 units of 3K layout, with a total floor area of 541.62 square meters. Building C was constructed in June 1976, is three stories high, and contains 12 units of 3K layout, with a total floor area of 563.22 square meters. The total number of units across all three buildings is 40. The property is currently being managed as a rental investment, with 21 of the 40 units currently under lease, leaving 19 vacant units available for new tenants.

The property is classified as a reinforced concrete (RC) structure. The land is designated as an urbanization control area, but rebuilding is possible. The transaction is for the property in its current as-is condition, with a disclaimer of liability for contractual non-conformity. The property uses a septic tank system, requiring ongoing maintenance and cleaning costs. There are two water storage tanks on the property, which also require periodic cleaning costs. The property is equipped with propane gas, a public water supply, a septic tank, dedicated toilets, separate bath and toilet, and a shower. The road frontage is on a single road to the north, with a width of 4.2 meters, a public road, a frontage of 32 meters, and it is paved. Parking is available for three or more cars, with one parking space offered free of charge. The property is located in the Tamashima Nagao area of Kurashiki City, and is approximately a 20-minute walk from Shin-Kurashiki Station on the JR Sanyo Main Line.