Investment Opportunity: Four-Apartment Complex in Itoman City, Okinawa

This listing presents a substantial investment opportunity: a package sale of four apartment buildings located in Itoman City, Okinawa. The property includes Buildings A, B, C, and D, along with parking land, for a total land area of 1,243.05 square meters. The total building floor area is 1,476.9 square meters. The complex generates a significant annual rental income of 13,555,500 yen, offering a surface yield of 7.53%. While the buildings have some age, they maintain a high occupancy rate, making this a compelling income-generating asset.

Critical agent notes have been translated and must be incorporated. The facilities include water supply and sewer systems. Special remarks detail the construction of each building: Building A was built in 1989 and is a 4-story Reinforced Concrete Block (RCB) structure. Building B was built in 1990 and is a 5-story RCB structure. Building C was built in 1990 and is a 4-story RCB structure. Building D was built in 1984 and is a 3-story RCB structure. It is important to note that future redevelopment will require development permission. The apartments are currently under standard lease agreements and are self-managed by the owner. Crucially, the buildings are not for sale individually; this is a bulk sale of all four structures as a single package.

The property is situated in the Ahagon area of Itoman City, a location with deep historical ties to Okinawa's fishing culture. Itoman is known for its vibrant fishing port and unique traditions. The area offers a quieter pace of life while remaining accessible. A major nearby landmark is the iconic Peace Memorial Park in Itoman, a solemn and expansive national park dedicated to the victims of the Battle of Okinawa, featuring beautiful coastal views and reflective monuments.