Investment Apartment Building in Itoman City, Okinawa

This property is a fully occupied apartment building located in the Nishi-zaki 2-chome area of Itoman City, Okinawa. The building offers a solid investment opportunity with a gross annual rental income of ¥5,484,000 when fully occupied, equating to a monthly income of ¥457,000 and a yield of 6.37%. The agent's special note clarifies that the interior photographs were taken when the units were vacant.

The building itself is a reinforced concrete (RC) structure built in January 1994, making it approximately 32 years old. It sits on a land area of 246.46 square meters (approximately 74.55 tsubo) with a total building area of 457.59 square meters (approximately 138.42 tsubo). The property features a 3LDK layout and is situated within an urbanization promotion area zoned as Category 1 Medium-to-High-Rise Residential. The building-to-land ratio is 60% with a floor area ratio of 200%. The location is highly convenient, with proximity to elementary and junior high schools, convenience stores, and commercial facilities. Public transport is accessible via the Nishi-zaki Elementary School Entrance bus stop, which is about a 2-minute walk away.

The area of Itoman City is rich in cultural history, known for its deep connections to Okinawan traditions, particularly in fishing and the annual Hari boat races. A major nearby landmark is the iconic Peace Memorial Park, a solemn and expansive site dedicated to the lives lost in the Battle of Okinawa, offering panoramic ocean views and reflective gardens.