Investment Opportunity in Okinawa City with 7.4% Gross Yield
This property presents a compelling investment opportunity in Okinawa City, offering a gross surface yield of 7.4%. The apartment is currently tenanted, providing immediate rental income. The unit is located on the 6th floor of a 7-story reinforced concrete (RC) building constructed in May 1985, ensuring a durable structure. The total floor area is 50.95 square meters (approximately 15.41 tsubo), arranged in a versatile 3LDK layout featuring a combination of Western and Japanese-style rooms.
Critical agent notes have been translated and provide essential financial and operational details. The property is equipped with propane gas, an indoor washing machine space, and one parking space with storage. It is currently rented out with a monthly rent of 42,000 yen. Additional annual costs include a land lease fee of 29,865 yen (under the old law tenancy rights) and a fixed asset tax of 42,100 yen. Monthly management fees are 9,000 yen, and the building is under self-management with an active management association in place.
