Prime Investment Opportunity: Tsuyama Store & Apartment Complex

Uncover a lucrative investment just a 7-minute walk from Tsuyama Station on the JR Line. This well-established 7-story reinforced concrete and steel-reinforced concrete complex, built in March 1990, presents a unique blend of 73 residential units and 1 commercial space, totaling 74 units in a high-demand location.

Property Highlights:

• Mixed-Use Property:
  A harmonious mix of 73 residential units and a versatile commercial space.
• Sturdy Construction:
  Constructed with a robust 7-story reinforced concrete and steel-reinforced concrete structure, ensuring longevity and stability.
• Strategic Location:
  Just a 7-minute walk to Tsuyama Station, enhancing accessibility and desirability.

Investment Details:

• Listed Price: ¥266,000,000
• Gross Yield: 11%
• Annual Rent Income: ¥29,311,200
• Current Gross Yield: 9.63%
• Current Annual Rent Income: ¥25,633,200

Investment Performance:

• Stable Income:
  An impressive 11% gross yield with ¥29,311,200 annual rent income.
• Consistent Returns:
  Current gross yield at 9.63% with a reliable ¥25,633,200 current annual rent income.

City Insights:

• Okayama City Population: 715,516
• Population Density: 906 people/km²

Market Trends:

• Growing Demand:
  Moderate population density indicates a good demand for housing and commercial spaces.
• Strategic Location:
  Proximity to Tsuyama Station enhances the property's desirability.
• Returns:
  Rental returns from residence tenants and the business owner of Lawsons.

Notes from the Seller:

*CA required for more information.

*Attached floor-plan/photos are for one of the units, the whole building is for sale. The Lawson will rent the space and future plans will need to be discussed with the agent and the owner of the business, please inquire for more information. Please be aware that this property may have already been sold by the time you view it*
*Exchange rate calculated Jan 19, 2024, 10:30 UTC at 1 USD = 147.964 JPY*