Investment Opportunity: 16-Unit Rental Apartment Building in Yomitan Village, Okinawa
This property presents a compelling investment opportunity: a 16-unit rental apartment building located in the Nagahama area of Yomitan Village, Okinawa. The building, constructed in March 2016, offers a total floor area of 714.28 square meters on a generous land plot of 786.51 square meters. The layout is a composite type, consisting of eight 1LDK units and eight 2LDK units, catering to a range of tenant needs.
According to the agent's special notes, this property offers significant added value for both the investor and potential tenants. The agent remarks: "🐶Pets are allowed and internet is free - this is added value! In recent years, demand for properties that allow pet ownership has been increasing year by year, and the added service of free internet is also a major attraction for residents. ☎️Please feel free to inquire☎️." This combination of pet-friendly policies and included utilities is a strong market differentiator in the rental sector.
The property is positioned as an income-generating asset with a stated gross yield of 5.19%. The agent notes there is potential for rent revisions and increased profitability, suggesting room for the new owner to enhance the investment's returns. The transaction is a general intermediary sale, and the building is ready for immediate handover.
The Yomitan Village area on Okinawa's west coast is known for its beautiful coastline and rich cultural history. An interesting local fact is that Yomitan is home to the Zakimi Castle ruins, a UNESCO World Heritage site, which showcases the unique gusuku (Ryukyuan castle) architecture of the Ryukyu Kingdom. The property is also within a reasonable distance from major tourist attractions like the scenic Cape Zanpa and its iconic lighthouse, offering residents and visitors stunning ocean views.
