Lions Mansion Koya 2: An Investment Apartment in Okinawa City
This property is a 2DK apartment located on the 2nd floor of a 9-story reinforced concrete (RC) building in Okinawa City's Koya 1-chome. Currently, it is under a fixed-term lease agreement, generating a monthly rental income of 80,000 yen (960,000 yen annually), offering a yield of 8.13%. After the tenant vacates, the apartment can also be used as a personal residence. Parking is available under a separate contract at a nearby location.
The apartment has a private area of approximately 41.88 square meters (about 12.7 tsubo) with a balcony of about 5 square meters (1.5 tsubo). Facilities include a system kitchen, propane gas, independent washbasin, air conditioning, BS/CS satellite connections, elevator, and an indoor washing machine space. The building was constructed in 1988. Monthly fees include 10,470 yen for management and 7,540 yen for repair reserve fund. The property is conveniently located just a 3-minute walk from the Koya bus stop.
The listing agent, LifeLulu Co., Ltd., provides comprehensive real estate services. They assist with rental and apartment management, including rent review consultations. For purchases, they offer simulations and proposals for home buying and investment properties. They also support inheritance planning, surveying/registration, property acquisition, and free property appraisals, aiming to be a casual consultation hub for all real estate matters. The company encourages potential homeowners, addressing common concerns about the purchase process, loan repayments, and long-term asset planning.
The area is in central Okinawa, offering a blend of urban convenience and local culture. An interesting fact is that nearby Koza (now part of Okinawa City) was historically a vibrant entertainment district for US military personnel and is known for its influence on Okinawan rock music. The closest major tourist attraction is the Okinawa Zoo & Museum (Okinawa Kodomo no Kuni), a family-friendly destination with animal exhibits and botanical gardens, located just a short drive away.
