Investment Opportunity in Okayama City: A Rented Apartment Unit

This property is a used apartment unit located in the Nishifurumatsu 1-chome area of Kita-ku, Okayama City, Okayama Prefecture. The building is an 8-story reinforced concrete structure, built in November 1995. The specific unit for sale is on the 3rd floor and has a floor plan of 2SLDK, with a total floor area of 59.44 square meters. The balcony measures 14.39 square meters. The property faces west and is a corner unit.

The property is currently being rented out under an existing lease agreement, which will be taken over by the new owner. The current monthly rent is 90,000 yen, providing a current yield of approximately 7.2%. The estimated annual rent when fully occupied is 1,080,000 yen, with an estimated yield of 7.2%. Please note that these yields are calculated based on the annual rental income (including common area fees, etc.) against the sale price, before deducting taxes and other costs necessary for maintaining the property. The estimated rent and yield are calculated based on market rent levels, assuming full occupancy. There is no guarantee that the rental income will be consistently obtained in the future.

The property is located an 11-minute walk from Omoto Station on the Uno Line. It is also within a 10-minute walk of a supermarket and an elementary school. The building has a total of 35 units and features an auto-lock system for security. The monthly management fee is 7,070 yen, and the monthly repair reserve fund is 14,860 yen. The land is under freehold ownership. The property is available for immediate transfer. This listing is handled by Mitsui no Rehouse Okayama Station Front Center.