Investment Apartment Building in Okayama City
This property is a fully occupied apartment building located at 16-1 Otami, Naka-ku, Okayama City, Okayama Prefecture. The building, named Sansari Reotami, offers a total floor area of 215.5 square meters on a land size of 313 square meters. The building was constructed in September 1986 and features a lightweight steel frame structure. It comprises six units, each with a 2DK layout. There is one parking space available free of charge.
According to the agent notes, the property gains road access to the south side city road (a Section 2 road) by constructing a bridge over the south side水路 (waterway). The property is equipped with a septic system. Additionally, there are conditions for the succession of the gas company contract.
Located in a quiet residential area of Naka-ku, the property is a 19-minute walk from Higashi-Okayama Station on the Sanyo Main Line, providing convenient access to central Okayama and beyond. The property is in a Category 1 residential zone with a building coverage ratio of 60% and a floor area ratio of 200%. The current status is tenanted, offering an owner-change opportunity with a yield of 11.9% and an annual rent of 2,910,000 yen.
