Amitye Koban: A Well-Maintained Investment Apartment Building in Kurashiki
This property presents a turnkey investment opportunity with the Amitye Koban apartment building in Kurashiki, Okayama Prefecture. Constructed in February 2006 by the reputable Daiwa House Industry, this light-gauge steel building spans two stories and contains six rental units, each configured as a 1K layout. The property is offered as an owner-change sale, meaning it is fully tenanted and generating income, with a current yield of 8.32% and an annual revenue of 3.28 million yen.
The building is comprehensively equipped for modern living. Facilities include propane gas, public water supply and sewer systems, side ditches, air conditioning, hot water supply, electricity, dedicated toilets, separate bath and toilet, showers, indoor laundry machine space, internet readiness, shutters, storage space, a TV monitor intercom, and bicycle parking. A critical note is that the property is under contract with TOKAI Gas, and there are existing leases for the internet, water heater, and air conditioning units. Changing or canceling the gas provider will incur fees. The property is also under a management company contract.
Several important special notes are provided. Parking is free for three or more vehicles, with a remark that each room is allocated one space (for a total of six). The land is a corner plot with road frontage to the south (3.4m wide public road, 19.6m frontage, paved) and east (2.3m wide public road, 20m frontage, paved). A setback of approximately 40 square meters is required for any future reconstruction. The property boundary is currently being officially determined; if not completed by the handover date, the boundary survey results will be provided to the buyer. Tenants are in place, with unit 202 scheduled to vacate at the end of January 2026 (Reiwa 8). There is an overhead encroachment by power lines on part of the property, and it will be handed over in its current state. The site contains a garbage disposal area and a propane tank storage. Garbage collection is handled by the local neighborhood association at no extra cost. Utilities are detailed as: water supply (public, 13mm per unit), sewer (public), gas (propane), and rainwater (north side water channel).
The location in Kurashiki's Miyamae district is highly convenient, with supermarkets, convenience stores like Seven-Eleven and FamilyMart, and various restaurants all within a short walking distance. The area is rich in history and culture, being part of the larger Kurashiki Bikan Historical Quarter, famous for its beautifully preserved Edo-period warehouses and canals. A major nearby landmark is the iconic Kurashiki Ivy Square, a charming complex of red-brick buildings covered in ivy, originally a cotton mill and now housing museums, shops, and hotels, offering a picturesque glimpse into the area's industrial past.
