Investment Opportunity: Mimasaka Terrace Apartment Building in Okayama

Presenting Mimasaka Terrace, a substantial apartment building investment located in Mimasaka City, Okayama Prefecture. This property offers a compelling opportunity with a total of 25 one-room units across two stories, encompassing a building area of 598.2 square meters on a generous land plot of 1,662.05 square meters. Constructed in December 1989 with a steel frame structure, the building is situated in a Category II Residential Zone.

Critical agent notes provide essential operational and financial details. The property's equipment and facilities include: Propane gas, public water supply, tap water, sewer system, side ditches, air conditioning, private toilets, showers, an auto-lock security system, security cameras, and a bicycle parking area. Special notes on road access detail that the property fronts a one-way public road to the west, with a width of 6.4 meters, a paved surface, and a frontage of 20.4 meters. A crucial remark states that as of October 2024, 21 of the 25 rooms are currently tenanted. When fully occupied, the property yields a surface return of 12.24%.

The area offers a serene lifestyle in the countryside of Okayama, known for its clear skies and production of high-quality fruits like peaches and grapes. A notable nearby landmark is the historic Mimasaka Kokubun-ji Temple, a serene site with origins dating back over a millennium, offering a glimpse into the region's rich cultural past.