Exceptional Investment Opportunity: Ōmoto Condominium Complex

Embark on a lucrative investment journey with the Pre-R Nishinomachi condominium complex, strategically positioned just a 10-minute stroll from Ōmoto Station on the JR Line. Built in September 1994, this 6-story reinforced concrete gem boasts a modern flat roof and comprises 44 comfortable 1K units, making it an ideal prospect for both residents and investors.

Property Features:

• Modern Living Spaces:
  44 contemporary 1K units designed for comfort and style.
• Sturdy Construction:
  6-story reinforced concrete with a flat roof, ensuring durability and longevity.
• Convenient Parking:
  5 parking lots for residents' convenience.

Investment Details:

• Listed Price: ¥253,000,000
• Gross Yield: 8.02%
• Annual Rent Income: ¥20,307,600
• Current Gross Yield: 7.66%
• Current Annual Rent Income: ¥19,395,600

City Insights:

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

Investment Performance:

• Impressive Returns:
  An attractive 8.02% gross yield with an annual rent income of ¥20,307,600.
• Steady Performance:
  Current gross yield at 7.66%, backed by a reliable current annual rent income of ¥19,395,600.

Market Trends:

• Growing Demand:
  High population density in Okayama City signifies robust demand for housing.
• Strategic Location:
  Proximity to Ōmoto Station enhances the property's allure.

Notes from the Seller:

*CA required for more information

*Attached floor-plan is for one of the units, the whole building is for sale. Please be aware that this property may have already been sold by the time you view it*
*Exchange rate calculated Jan 20, 2024, 05:26 UTC at 1 USD = 148.164 JPY*