Back to results
Added 1 day ago
¥2,900,000

Okada, Iwade City, Wakayama Prefecture

和歌山県岩出市岡田

Buy 3LDK Apartment Tourist Hotspot

Know someone who would love this? Gift them a subscription

Spacious 3LDK Apartment for Sale in Iwade City, Wakayama

This well-maintained 3LDK apartment is located in the Okada area of Iwade City, Wakayama Prefecture. The property offers a comfortable living space of 59.27 square meters on the fourth floor of a ten-story reinforced concrete building, constructed in August 1992. The layout includes a 6-tatami Japanese-style room, two Western-style rooms of 4.5 and 4 tatami, and a 12.9-tatami living-dining-kitchen area. The apartment features a balcony of 8.13 square meters and has a primary window facing west.

The property is currently vacant and ready for immediate occupancy, making it suitable for both residential use and as an investment property. The monthly management fee is 10,200 yen, and the repair reserve fund is 4,490 yen. Parking is available, and the building is equipped with an elevator. Interior features include storage spaces, closets in all rooms, air conditioning, an indoor washing machine space, city gas supply, and a water heater.

The apartment is conveniently located near daily amenities. A Komeli Power home improvement store is 266 meters away, a Lawson convenience store is 386 meters away, and an Okuwa supermarket in the Kii Kawachi area is 1,506 meters from the property. The nearest train station is Shimoisaka Station on the Wakayama Line, which is a 17-minute walk away. The property is being sold for 2,900,000 yen.

This description was AI-generated from the original Japanese listing and may contain inaccuracies. Please verify details with the source listing.

Summary

Bedrooms: 3
Parking: 1
Year built: 1992
House size: 59 / 638sqft
Balcony size: 8 / 86sqft

Short-Term Rental (Minpaku)

Transport

KIX

Kansai International Airport — 20 km away

Nearby Konbini

Family Mart Family Mart — 10 min walk
Lawson Lawson — 12 min walk
Seven Eleven Seven Eleven — 14 min walk

Internet Connectivity

Natural Hazard Assessment

Preview: Hazard data is free for your first 3 property views. Subscribe for unlimited access.

Checking hazard zones...
No hazard zones detected at this location
View official MLIT DisaPortal map

Data: MLIT DisaPortal · Flood, landslide, tsunami & storm surge zones · USGS Earthquake Catalog

¥2,900,000

Okada, Iwade City, Wakayama Prefecture

和歌山県岩出市岡田

Book Consultation

Source: www.hatomarksite.com

Sign in to save properties

Estimates only. Actual costs vary by property, municipality, and transaction details. Book a consult →

Minpaku Legality Notice

Whether short-term rental (Airbnb/minpaku) is legally permitted at this property is unknown without due diligence. Approval depends on local zoning, municipality-specific rules, fire safety compliance, and public health office licensing — a process that typically costs ¥300,000–400,000 in administrative fees.

These figures are illustrative only and do not imply short-term rental is permitted here. Note: rentals of 30+ days generally do not require minpaku licensing.

Nightly Rate
Occupancy Rate
Max operating days/year
Est. booked nights/year
Gross annual revenue
Expenses breakdown
Cleaning
Platform fees (3%)
Management (20%)
Supplies
Insurance
Utilities
Total expenses
Net annual income
Monthly equivalent

Actual revenue varies by location, property quality, season, and management. Adjust sliders to model different scenarios.

Renovation Budget
Annual Rental Income

Auto-filled from Airbnb estimate

Total Investment
Purchase price
Renovation
Transaction costs
Total investment
Annual Costs
Property tax
Insurance
Maintenance
Returns
Annual yield
Break-even
5-year return
10-year return
0 yr5101520+

Estimates only. Non-resident foreign owners are subject to a 20.42% withholding tax on Japanese rental income — enable the toggle above to model this. Actual returns depend on rental demand, management quality, renovation scope, and market conditions.

All figures are illustrative estimates only and do not constitute financial, investment, or legal advice. Consult a qualified professional before making any investment decision. Terms apply.

Map & Street View

Map loading...

Location Accuracy Notice: Although we try to make the map accurate with coordinates or address details provided, the location data is provided by the agent. This map data should be used as reference for the surrounding area foremost.

Location Type Beds Price Land House View

* Sold properties shown for price comparison only. Prices reflect historical sale data.

Location Type Beds Rent/Month Land House View

* Rental prices shown are monthly rates. Contact property owner for current availability.