Spacious Apartment Building Investment in Okinawa's Serene West

This listing presents a substantial apartment building investment opportunity in the tranquil setting of Nishihara Town, Okinawa. The property, named the Nishihara Town Morikawa Sale Apartment, is a three-story structure built in January 1986. It offers a total floor area of approximately 176.70 square meters (about 53.45 tsubo), situated on a generous land plot of about 180.17 square meters (about 54.50 tsubo). The building comprises 11 units, and as of August in Reiwa 7 (2025), 3 of these households are vacant, presenting immediate rental income potential.

Critical agent notes provide essential details. The equipment listed includes a dedicated toilet. Special notes on road access specify a one-sided road to the northeast, with a public road width of 7 meters and a frontage of 11 meters. Further remarks clarify the land size as 54.4 tsubo and the building footprint as 53.4 tsubo. It is explicitly noted that appliances are not considered part of the property's equipment. The property is currently tenanted, and the land is confirmed as suitable for rebuilding. The location is within a City Planning Area, zoned as Category I Low-Rise Exclusive Residential, with a building-to-land ratio of 50% and a floor area ratio of 100%.

The area of Nishihara Town offers a peaceful residential atmosphere while maintaining accessibility to central Okinawa. An interesting local fact is that the town is home to the University of the Ryukyus, one of Okinawa's most prominent academic institutions, contributing to a vibrant, youthful community. The closest major tourist attraction is the iconic Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, located approximately a 20-minute drive away in Naha City. This property represents a solid opportunity for investors seeking a foothold in Okinawa's stable rental market.