Investment Opportunity: Multi-Unit Apartment Building in Kurashiki, Okayama

This listing presents a substantial investment property: a multi-unit apartment building for sale in the desirable city of Kurashiki, Okayama Prefecture. Constructed in August 2002, the building is a robust five-story reinforced concrete (RC) structure with a total floor area of 560.35 square meters, distributed evenly across three main floors. The property sits on a generous land plot of 278.17 square meters and contains 19 individual units, each configured in a 1K layout.

Critical agent notes provide essential details about the property's access and condition. The access situation is detailed as follows: it fronts a one-way road to the northwest. The road has a width of 4 meters, is a public road, and the property's frontage along it measures 6 meters. The property is currently tenanted, offering immediate rental income for the new owner. The transaction is handled as a general intermediary, and the building is located within an urbanization promotion area zoned for neighborhood commercial use, with a building-to-land ratio of 80% and a floor area ratio of 200%. The land is flat and registered as residential land.

The location is exceptionally convenient, situated in Kurashiki's Hinode-cho 1-chome. The Sanyo Main Line's Kurashiki Station is just a 5-minute walk away, providing excellent connectivity. Kurashiki is a city rich in history and culture, famously known for its beautifully preserved Kurashiki Bikan Historical Quarter, with its iconic white-walled warehouses and willow-lined canals. This area, a major tourist attraction, is just a short distance from the property, highlighting the appeal of the location for potential tenants. The property represents a turnkey investment in a stable and historically significant area of Japan.