Investment Opportunity: 20-Unit Apartment Complex in Mimasaka, Okayama
This listing presents a significant investment opportunity: a 20-unit apartment complex on a spacious plot of land in Mimasaka City, Okayama Prefecture. The property is an owner-change listing, consisting of five separate buildings (A through E) offering a total of 20 units, all with a 2DK layout. The land area is a substantial 2,670 sqm (approximately 807.67 tsubo).
Critical agent notes provide detailed specifications. There is parking available for two cars, free of charge. Building A through D each measure 46.08 tsubo, while Building E is slightly larger at 48.88 tsubo. The construction dates vary: Buildings A and B were built in November 1988 (Showa 63), Buildings C and D in September 1989 (Heisei 1), and Building E in 1999 (Heisei 11). The rental income structure is clearly outlined: Buildings A, B, C, and D each contain four units generating a monthly rent of 43,000 yen per unit. Building E also contains four units, each generating a higher monthly rent of 48,000 yen. The property is approximately 1.5 km from Mimasaka Kita Elementary School.
The area of Mimasaka City is known for its serene natural setting within Okayama Prefecture. An interesting local fact is that the nearby town of Yubara is famous for its high-quality hot springs, which have been enjoyed for centuries. The closest major landmark is the historic Mimasaka Kokubun-ji Temple, a serene site with deep cultural roots in the region.
