Investment Opportunity: Eight-Unit Apartment Building with Dog Run in Okinawa City
This property presents a rare and lucrative investment opportunity: an eight-unit revenue-generating apartment building located in Okinawa City's Hiyagon district. Priced at 240 million yen, the property offers an estimated surface yield of approximately 6.42%. The building, constructed in July 2006 (19 years old), is a reinforced concrete (RC) structure with a total floor area of 667.8 square meters situated on a 1,653.7 square meter plot of land in a Category 1 Residential zone within the urbanization promotion area.
A standout and highly desirable feature for the Okinawa market is the inclusion of a dog run, making this property pet-friendly and suitable for tenants with large dogs. Each of the eight units is designed as a 2LDK layout and includes a walk-in closet, offering comfortable living spaces ideal for families or couples. The location provides excellent convenience for commuting and travel by car, with the popular AEON MALL Okinawa Rycom just an 8-minute drive away, ensuring easy access to shopping and leisure activities.
The property details confirm there is no private road burden, and ownership rights are held. The building coverage ratio is 60% with a floor area ratio of 200%. The property is being handled as an agent-mediated transaction.
