Investment Opportunity: Modern Apartment Building in Naha's Makabi District
This recently constructed apartment building in Naha's Makabi 2-chome presents a compelling investment opportunity. The property is a nine-unit apartment complex, currently operating at full occupancy as of December 2025, generating an estimated annual rental income of approximately 6.4 million yen. It offers a current yield of 4.2%, with the potential for higher returns in the future through rental rate adjustments. The building is relatively new, having been built in May 2017, and its favorable location adds to its future growth potential.
The apartments feature stylish interiors and are well-equipped for modern living. Amenities include free internet for tenants, an auto-lock security system, air conditioning, and dryers. The layout is 1K (one room with kitchen), and the building is constructed with reinforced concrete (RC). The total building area is 227.31 m² (68.76 tsubo) on a land area of 161.06 m² (48.72 tsubo). The property is located within an urbanization promotion area and is zoned as a Category I Low-Rise Residential District, with a building-to-land ratio of 50% and a floor area ratio of 150%.
Special Notes/Remarks Translation: The agent notes include a critical message for industry professionals: "To fellow agents: Introductions are acceptable. Advertising is not permitted. The buyer's share is separate." This indicates the listing has specific conditions regarding its marketing and commission structure.
The Makabi district in Naha offers convenient urban living. An interesting local fact is that the area is part of Naha City's ongoing development, blending residential comfort with accessibility. The property is within an approximately 11-minute walk from the Monorail's Furujima Station, providing easy access to the rest of the city. The closest major tourist attraction is the iconic Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, located a short monorail ride away.
