Investment Opportunity: Fully Occupied 8-Unit Apartment Building in Itoman City
This commercial district property presents a compelling investment opportunity: an 8-unit apartment building currently operating at full occupancy, generating a substantial annual rental income of 3,264,960 yen. With a gross yield of 10.26%, this revenue-generating asset is located near the Itoman Rotary in Itoman City, Okinawa. The building, constructed in September 1987 (38 years old), is a reinforced concrete block (RCB) structure with a total floor area of 294.51m² on a 293m² plot of land. The property includes parking for four vehicles. The land rights are a surface right (借地).
Critical agent notes have been translated and provide essential financial and locational context. The annual fixed property tax is 140,143 yen, with ground rent (地代) of 436,908 yen and management fees of 179,520 yen. The surrounding area offers convenient access to several amenities: San-A ShiOzaki City (4 minutes by car/12 minutes on foot), MaxValu Itoman Kita-ten supermarket (6 minutes by car/25 minutes on foot), the Itoman Umanchu Market (3 minutes by car/26 minutes on foot), and a FamilyMart Itoman Rotary store (1 minute by car/5 minutes on foot). The school districts are Itoman Minami Elementary School (16 minutes on foot/4 minutes by car) and Itoman Junior High School (19 minutes on foot/5 minutes by car).
The listing agent, Ye Station (有限会社サンサン沖縄 Naha Kita-ten), emphasizes their 30-year history of trust and results in Okinawa's central and southern regions. They offer a "Purchase Guide" to assist clients in finding their ideal property and pride themselves on deep local expertise for fast information and optimal proposals.
The Itoman area is rich in cultural history, known for its deep connections to Okinawan maritime traditions. A major nearby landmark is the Itoman Peace Memorial Park, a solemn and significant site dedicated to remembering the lives lost during the Battle of Okinawa. The property's location in a commercial zone within Itoman City offers both investment potential and proximity to the unique coastal culture of southern Okinawa.
