Investment Opportunity: Two-Building Apartment Complex in Naha's Mihara District

This listing presents a consolidated sale of two apartment buildings located at 1-382.51 Mihara, Naha City, Okinawa Prefecture. The property sits on a land area of 382.51 square meters and offers a total building floor area of 486.41 square meters across both structures. The complex comprises a total of 13 households, with Building 1 containing 7 units and Building 2 containing 6 units. Constructed in May 1973, the primary building is 52 years old. A critical note from the agent specifies that Building 2 is 42 years old. Furthermore, the agent's remarks include a crucial restriction: "Reconstruction of the condominium is currently not possible!" This is essential information for any potential investor considering future redevelopment.

The property is priced at 80,000,000 JPY for both buildings combined, offering a surface yield of approximately 8.58%. The reinforced concrete (RC) structures are situated in an urbanization promotion area zoned as Category 1 Medium-to-High Rise Residential. The site has frontage to the east (7.1m road) and southeast (4m road). Parking is available. The location is conveniently accessible, with Asato Station on the Okinawa Urban Monorail (Yui Rail) approximately an 11-minute walk away.