Investment Apartment Building in Okayama City
This is a multi-unit apartment building located in the quiet residential area of Tsushima Fui 1-chome, Kita-ku, Okayama City, Okayama Prefecture. The property boasts a substantial land area of 348.01 square meters, equivalent to approximately 105 tsubo. The building itself has a total floor area of 336.96 square meters and was constructed in March 1986. It is a two-story structure built with a steel frame (iron skeleton) and contains a total of 18 residential units. Each unit is laid out as a 1K apartment.
The property is situated on a public road that is 4 meters wide to the east, with a frontage of 2 meters. The land is zoned as a Category 1 Low-Rise Exclusive Residential District within an urbanization promotion area. The building coverage ratio is 50%, and the floor area ratio is 100%. The land is flat in topography. The property is being sold as an owner-change (owner change) investment opportunity, with the current occupancy status showing 13 out of 18 units tenanted, providing a current yield of approximately 10.51% with annual rent of 7.34 million yen. The property rights are freehold ownership.
Located in a peaceful residential area, this apartment building is within walking distance of Okayama University and Okayama Athletic Park, making it a favorable location for students. The nearest station is Hōkaiin Station on the Tsuyama Line, which is a 21-minute walk away. The property is being handled by Wave House Co., Ltd., and is listed as a designated exclusive agency.
