Investment Opportunity: Arvita Apartment Building in Kurashiki
This listing presents Arvita, a five-unit apartment building constructed in June 2013, located in Kurashiki City, Okayama Prefecture. The property is offered for sale at 75,000,000 JPY and is currently fully tenanted, providing an immediate income stream with a projected gross yield of 7.91%. The building spans a total floor area of approximately 110.96 tsubo (366.82 sqm) on a land plot of about 130.34 tsubo (430.87 sqm).
Critical agent notes detail the property's equipment and condition. The facilities include propane gas, city water supply, sewer system, air conditioning, separate bath and toilet, heated toilet seats, two toilet locations, an indoor washing machine space, a video monitor intercom, a bicycle parking area, and a solar power generation system. Special remarks on road access specify that the property fronts a one-way road to the east, which is 6 meters wide, has a designated position, and is paved.
The building features a wooden structure with two stories above ground. The layout consists of 3LDK units. Parking is available for two vehicles at a monthly fee of 11,000 yen per space. The land is flat, zoned as Quasi-Residential within an urbanization promotion area, with a building-to-land ratio of 60% and a floor area ratio of 200%.
