Investment Apartment in Nanjo City with Sea Views and Existing Tenant
This property is a 5-story reinforced concrete apartment building located in Nanjo City, Okinawa Prefecture. The specific unit for sale is on the first floor, offering a building area of 38.35 m² (approximately 11.6 tsubo) and a surprisingly large land share of 4628.77 m² (approximately 1400.2 tsubo). The layout is a 1LDK configuration. The property was built in August 1974, making it approximately 51 years old. It is important to note that the property will be delivered in its current condition due to its age.
Key agent notes and features have been translated from the Japanese listing. The property is explicitly listed as an income-generating investment property (収益物件). It currently has a tenant in residence, generating a monthly rent of 40,000 yen. Additional monthly expenses for the tenant include a 3,000 yen management fee, a 3,000 yen repair reserve fund, and a 1,800 yen fee for two parking spaces. Because the tenant is currently in occupancy, interior viewings are not possible. The building features a parking lot on the first floor, which accommodates parked vehicles in a tandem (end-to-end) arrangement. The property is situated next to Shinkai Park, providing a sense of proximity to the ocean.
The area of Nanjo City in southern Okinawa is known for its rich history and coastal scenery. An interesting historical fact is that Nanjo City encompasses the site of Sefa-Utaki, a sacred grove and UNESCO World Heritage Site that was a central place of worship for the Ryukyu Kingdom. The closest major tourist attraction to this property is the picturesque Mibaru Beach, famous for its unique "Coral Beach" and calm, shallow waters, making it a popular spot for families and snorkelers.
