Investment Opportunity: Two Income-Generating Properties in Naha and Okinawa City
The property in Naha City Ohdo has a total floor area of 96.38m² (approximately 29.15 tsubo) on a land plot of 97.36m² (29.45 tsubo). It was built in July 1981, making it 44 years old, and features a 2LDK layout. A key selling point is that both the interior and exterior have been fully renovated. The structure is reinforced concrete block (RCB) construction. According to the agent's special notes, this property generates an annual income of 2,400,000 yen.
The second property, located in Okinawa City Chibana, comes with land lease rights and includes a solar power installation. The agent's notes specify that it produces an annual income of 2,750,000 yen, which includes 500,000 yen from solar power revenue.
The combined annual income from both properties is 5,150,000 yen, resulting in the advertised 10% yield based on the asking price. The properties are sold as a package. The location in Naha City Ohdo is in an urbanization promotion area zoned as Category I Mid-to-High Rise Residential. It has east-facing road frontage with a width of 2.8 meters. The bus stop for "Sakashita Ryu Byoin Mae" is approximately a 2-minute walk away.
The area of Naha is the vibrant capital of Okinawa Prefecture, rich in history and culture. An interesting fact is that Naha was almost completely destroyed during the Battle of Okinawa in 1945 and has since been meticulously rebuilt. The city is a major hub for tourism and commerce in the region. The closest major landmark is the iconic Shuri Castle, a UNESCO World Heritage Site and former palace of the Ryukyu Kingdom, located just a few kilometers from the Ohdo district.
