Investment Opportunity in Naha: A Well-Maintained Apartment Building with Strong Rental Yield
This apartment building for sale in Naha's Matsugawa 1-chome presents a compelling investment opportunity. The property, built in 1976, sits on a 173.22m² plot of land with a total building area of 440.69m². It features a reinforced concrete (RC) structure and benefits from road frontage on two sides, with a 9-meter road to the north and a 10-meter road to the south. The exterior waterproof coating was refreshed in 2021, ensuring the building is well-maintained. The property is being sold 'as-is' and has undergone a property inspection. The layout consists of 1DK units, and the property is located within an urbanization promotion area zoned as Category 1 Medium-to-High-Rise Residential.
Critical agent notes have been provided: The property has an inspection certificate but no architectural blueprints. The fixed asset tax for Reiwa 7 (2025) is 227,610 yen. The annual rental income is 4,224,000 yen, contributing to a surface yield of 10%. Currently, only one unit is vacant, which is being used as a shop.
