Investment Opportunity in Okinawa City: A Well-Established Apartment Building with Guaranteed Income
This commercial property presents a compelling investment opportunity in Okinawa City, Okinawa Prefecture. The building is a 9-story reinforced concrete (RC) structure built in September 2018, making it just 7 years old. It offers a total floor area of 865.09 m² on a land plot of 300.44 m². The property is currently configured as an apartment building with 32 individual 1DK units, each approximately 28 m² in size, featuring separate toilet and bathroom facilities.
Critical investment details, translated from the agent's notes, are as follows: The property has 32 rooms (1DK, 28 m²). It is under a whole-building lease contract, ensuring stable, hands-off income for the owner. The current monthly rental income is 1,696,000 yen, translating to an annual income of 20,352,000 yen. The surface yield (gross return) is calculated at 5.6%. The annual fixed asset tax is 1,410,700 yen. The agent's remarks further emphasize the annual income of 20,352,000 yen and note that this sale represents an owner change.
The building is well-equipped with modern amenities including air conditioning in each unit, an auto-lock security system, and an elevator. Its corner lot location is advantageous. The property is being sold for 350,000,000 yen. The area is zoned for commercial use within the urban planning area, with a high building coverage ratio of 80% and a floor area ratio of 400%. Transportation access is convenient, with the Goya bus stop approximately a 5-minute walk away.
