Investment Opportunity: Modern Multi-Unit Apartment Building in Kurashiki

This property presents a compelling investment opportunity as a small apartment building (ikkodate apartment) located in the desirable city of Kurashiki, Okayama Prefecture. Constructed in March 2021, this modern wooden structure comprises a total of three units. According to the agent's notes, the building consists of two maisonette-style units and one attached building which is a detached house. It is important to note that the listed land size and total floor area include the footprint of this attached building. For full details, please refer to the attached documentation.

The property is well-equipped with standard utilities, including water supply, sewer system, and electricity. It features a total floor area of 210.23 square meters spread over two stories, with each floor offering 58.66 square meters. The layout is efficient, and the building includes the valuable amenity of one free parking space for tenants. The land is a flat 339.18 square meter plot in a residential zone, currently fully tenanted, offering immediate rental income with an owner change yield of 6.02% and an estimated annual revenue of 2.8 million yen.

Kurashiki is a city rich in history and culture, famously known for its beautifully preserved Edo-period canal area, the Kurashiki Bikan Historical Quarter. This area, with its white-walled warehouses and willow-lined canals, is a major tourist attraction and offers a glimpse into Japan's past. The property is situated in the Kitaune district, providing a residential setting with convenient access to local amenities and the unique charm of Okayama Prefecture.