Investment Apartment Building in Naha's Matsugawa
This is a substantial investment opportunity: a three-story apartment building for sale in Naha's Matsugawa area. Constructed in March 2018, the property sits on a generous 863.01m² plot of land with a total building area of 582.12m². The layout consists of 1K (one room with kitchen) units, each offering a spacious 8-jo (approximately 8.5 tsubo or 28.1m²) floor plan. A key feature for potential rental income is that the property is pet-friendly, which can command higher rents.
As detailed in the agent's notes, the property is well-equipped for modern living. Each unit features a system kitchen, a separate bath and toilet, and free internet access. Security is enhanced with a monitor-equipped intercom system. Conveniently, there is an indoor space for placing a washing machine. A unique and attractive feature is that each first-floor unit comes with its own private garden.
The location offers excellent accessibility. It is approximately a 13-minute walk from the Shirobyo-mae Station on the Okinawa Urban Monorail (Yui Rail) and about an 8-minute walk from the Yamakawa bus stop. The property boasts 100% parking availability on its expansive grounds. The current gross monthly rental income is reported at 1,131,700 yen, translating to a surface yield of 5.43%. The asking price is 250,000,000 yen, inclusive of consumption tax.
The Matsugawa district in Naha provides a blend of residential calm and urban convenience. An interesting historical fact about the area is its connection to the Ryukyu Kingdom's sophisticated water management systems. The closest major landmark is the magnificent Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu Kingdom, located just a short monorail ride away.
