Alice: A Modern Investment Apartment Building in Okayama
Alice is a two-story wooden apartment building located in the Hamacho 1-chome area of Naka Ward, Okayama City, Okayama Prefecture. Constructed in January 2020, this investment property offers a total of six 1K units, with each unit's private area ranging from approximately 25.88 to 34.36 square meters. The total building area is 180.72 sqm (approx. 54.66 tsubo), situated on a land area of 205.73 sqm (approx. 62.23 tsubo), which includes a setback of about 14.41 sqm.
The property is currently fully tenanted, generating a current monthly rental income of 320,000 yen. Based on the asking price of 65,000,000 yen, this translates to a current yield of approximately 5.9%. It is important to note the agent's special remarks regarding these figures: The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, calculated before deducting taxes, public charges, and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on market rent, adding rent for vacant units and assuming full occupancy. The rental income is not guaranteed to be reliably obtained in the future. (Survey date: -). An additional note states the property is tenanted, and the lease agreements are to be taken over by the new owner.
Beyond the rental income, the property also generates additional revenue from solar power generation feed-in tariffs, with actual earnings of 328,659 yen for the period from January to December 2025.
The location provides convenient access to public transport. It is approximately a 9-minute bus ride from the JR Sanyo Main Line's Okayama Station to the Hamacho (Okayama Plaza Hotel Mae) bus stop, followed by a 3-minute walk. Alternatively, the JR Akaho Line's Nishikawara Station is about a 13-minute walk away. The neighborhood offers daily amenities including a Seven-Eleven convenience store a 4-minute walk away, a supermarket/drugstore, a bank, and a post office all within an 8-minute walk.
