Investment Opportunity: Modern Apartment Building in Kurashiki, Okayama
This recently constructed, eight-unit apartment building presents a compelling investment opportunity in the desirable city of Kurashiki, Okayama. Built in March 2022, the property is in excellent condition and is currently fully occupied, generating a stable annual rental income. The building is strategically located within a 10-minute walk (700m) of JR Sanyo Main Line's Nishi-Aji Station, offering convenient access to regional transit.
The property is comprehensively equipped for modern living and security. Facilities include propane gas, water and sewer systems, air conditioning, hot water supply, a parcel delivery box, and separate bath and toilet rooms. Each unit features a shower, bidet toilet seat, a bath with re-heating function, and a space for an indoor washing machine. Building-wide amenities include BS antenna terminals, internet connectivity, an auto-lock security system with monitor, security cameras, fire alarms, and a solar power generation system.
Special notes detail the road access: the property fronts a 4-meter wide private road to the southwest, with a 16-meter frontage. The road is paved and has designated positioning. Important financial particulars from the previous year are provided: annual management fees were approximately 170,000 yen, common area cleaning 64,800 yen, shared internet 139,920 yen, shared electricity 36,000 yen, and shared water 12,000 yen. Fixed asset tax was 377,800 yen. Crucially, the solar power system generated an annual income of approximately 402,000 yen from selling electricity back to the grid.
The current occupancy status as of September 2025 is full. The annual income breakdown is: rent 5,379,600 yen, common fees 252,000 yen, parking fees 252,000 yen, plus the solar power income of 402,000 yen, for a total annual income of 6,285,600 yen. This results in a surface yield of 5.98%. The property has a record of corporate contracts and provides one parking space per unit, with seven parking spaces available on-site.
The surrounding Kurashiki area is rich in culture and history. A major landmark is the Kurashiki Bikan Historical Quarter, famous for its beautifully preserved Edo-period merchant houses and willow-lined canals. This picturesque area, a short distance from the property, is a major tourist attraction featuring museums, shops, and traditional atmosphere.
