Investment Opportunity: Two-Storey Apartment Building in Tsuyama, Okayama

This property is a two-storey apartment building located in Katsube, Tsuyama City, Okayama Prefecture. It presents a compelling investment opportunity with a total of four units, each featuring a 2DK layout. The building was constructed in March 1997 and sits on a generous corner plot of land measuring approximately 316.64 square meters (about 95.78 tsubo). The total floor area is 183.82 square meters, evenly split between the two floors.

Critical agent notes provide essential details. The property's equipment and facilities include propane gas, city water supply, a septic tank, air conditioning, electricity, a private toilet, separate bath and toilet, a shower, and an indoor space for a washing machine. Special notes on road access detail that it is a corner lot with paved public road frontage: 3.5 meters wide on the east side with 11 meters of frontage, and 5 meters wide on the south side with 13 meters of frontage. Further special remarks confirm parking for two vehicles is available free of charge. Important remarks from the agent state that as of December 2025, only one unit is vacant. The projected yield at full occupancy is 11.55%, with the current yield at 8.48%. Additionally, units 101 and 201 underwent partial interior renovation in 2025.