Investment Opportunity: Large-Scale Apartment Building in Naha, Okinawa

Presenting a significant investment property in the sought-after Naha City area of Okinawa. This is a large, single-building apartment complex located at 157 Asha, Naha City, offering a substantial land area of 1,572.94 square meters (approximately 475.81 tsubo) and a total building floor area of 2,935.7 square meters (approximately 888.04 tsubo). The property, built in 1983, is a reinforced concrete (RC) structure situated on a corner lot within an urbanization promotion area zoned as Category 1 Mid-to-High Rise Residential.

The property features separate bath and toilet facilities and includes an elevator, enhancing accessibility. A key highlight for investors is the projected annual income of approximately 36 million yen. Critical agent notes provide essential financial details: The surface yield is approximately 6% (assuming full occupancy). As of December 2025, the actual surface yield was approximately 5.24%. The seller is currently leasing out rooms they had been using themselves, and considering the rent levels and recruitment conditions, a surface yield of about 6% is anticipated when fully occupied. For further details, interested parties are advised to contact the agent.