Spacious Multi-Family Apartment Building in Naha's Wakasa District
This substantial multi-family apartment building, located in Naha's Wakasa 3-chome, presents a versatile opportunity for owner-occupation combined with rental income or as a full investment property. The property is a four-story reinforced concrete structure built in February 2000, featuring a total floor area of 254.78 square meters (77.07 tsubo) on a land plot of 118.92 square meters (35.97 tsubo). The layout is configured across three distinct units: the 2nd floor offers a 2LDK apartment, the 3rd floor another 2LDK, and the 4th to 5th floors comprise an integrated penthouse with a spacious 5LDK layout. The building is currently occupied, and viewings require an appointment.
Critical property details, as provided by the agent, include a price of 110,000,000 yen. The land rights are ownership, classified as residential land within an urbanization promotion area and a commercial zone (quasi-fire prevention district), with a building coverage ratio of 80% and a floor area ratio of 400%. The road frontage is approximately 7 meters wide. Parking is available for 4-5 vehicles. The property is equipped with public water and sewer systems. The fixed asset tax for the 2025 fiscal year (Reiwa 7) is 294,958 yen, and the agent's commission is 3,696,000 yen (including tax). The handover timing is negotiable. It is important to note the property is located within a tsunami warning zone.
The location offers excellent convenience. The "Wakasa" bus stop is about a 2-minute walk away, and the Monorail's "Miebashi" Station is approximately an 11-minute walk. The area is also within walking distance to local schools. The property is handled by the real estate company Oroku Shokai.
