Investment Opportunity: A Profitable Apartment Complex in Okinawa's Yomitan Village
This is a profitable apartment building located in Tokeshi, Yomitan Village in central Okinawa Island. The property is 11 years old and features a total of 6 units, all of which are currently rented out as maisonette-style 1LDK apartments, making this an owner-change investment opportunity. The current annual rental income is 4.39 million yen, representing an estimated yield of approximately 5.3%. However, there is potential for future income improvement through rent adjustments upon tenant turnover. The site is spacious, exceeding 275 tsubo (approx. 909.3 sqm), and includes parking for all units (10 spaces). Units A through C are furnished with furniture and appliances, enhancing their competitiveness during tenant changes.
According to the agent's detailed notes, the property is situated in a quiet residential area with no buildings directly in front, on flat land with good sunlight and ventilation. All rooms feature flooring, and the units come with a system kitchen and a washbasin with a shower. Parking is available for two cars per unit, and the area has well-maintained sidewalks. Each unit includes an indoor space for a washing machine, and the bath and toilet are in separate rooms. Additional parking space is available on the premises.
Yomitan Village is a popular area that enjoys strong support from families and benefits from both residential infrastructure and resort demand. This property offers not only stable income but also the potential for yield improvement, making it an attractive investment. The experienced staff at Shikisai Buildings, who have extensive experience in buying and selling income properties, are ready to provide thoughtful consultation tailored to your needs, making this a viable option even for first-time investors.
The surrounding area of Yomitan is rich in cultural and natural attractions. An interesting historical fact is that Yomitan is known for its traditional pottery, called Yachimun, a craft with a 400-year history influenced by Korean potters. The property is conveniently located just a 4-minute drive from the famous Zanpa Beach, a beautiful coastline popular for swimming, surfing, and sunset views, making it a prime location that caters to both local residents and the tourist economy.
