New Orange House - Apartment Building for Sale in Kurashiki, Okayama
This property, known as New Orange House, is a two-story wooden apartment building located in Kurashiki City, Okayama Prefecture. The building comprises a total of 10 units, each with a 2LDK layout, and is currently fully occupied with a 100% occupancy rate as of September 2024 (Reiwa 6). The purchase price is 65,000,000 yen.
The property sits on a land area of 912.99 square meters (approximately 276.18 tsubo) with a total building area of 653.76 square meters (approximately 197.76 tsubo). The building was constructed in October 1993 and features a wooden structure. The land is zoned as Category 1 Low-Rise Residential Zone, with a building coverage ratio of 60% and a floor area ratio of 200%. The property is situated on a flat plot of land with road access to the northwest on a 5.4-meter-wide public paved road.
Parking is available on-site with space for three or more cars, offered free of charge. The property is being sold as an owner-change transaction, and the current rental income provides a yield of approximately 10.06%, with annual rent of 6,540,000 yen. The nearest station is Tokiwa Station on the Mizushima Rinkai Railway, located approximately 1,890 meters away (about a 24-minute walk).
