Income Property in Ishigaki City

This reinforced concrete income property, built in September 2017, is located in the Ohama area of Ishigaki City, Okinawa Prefecture. The building offers a total floor area of 462.57 square meters on a 691.04 square meter lot. The structure contains six residential units across three floors, with a layout comprising one 5SLDK unit, two 2LDK units, two retail spaces, and one residential unit on the first floor. The property is situated on a corner lot with a road frontage of approximately 23 meters along a 9-meter-wide public road. Utilities include public water supply, Okinawa Electric Power, propane gas, and public sewage. The property is zoned as a first-class medium-to-high-rise residential district. The current annual income is estimated at 8.22 million yen, representing a gross yield of 4.57 percent. One unit on the third floor is scheduled to be vacated at the end of August, offering potential for use as a personal residence. The property is located within a 5-minute drive of major commercial facilities and public institutions such as the city hall and Yaeyama Hospital, providing a convenient living environment while allowing residents to enjoy the relaxed atmosphere of Ishigaki Island.