A Versatile Multi-Generational Residence in Naha's Wakasa District

This unique multi-family residential building, located at 1-6 Wakasa 3-chome in Naha City, Okinawa, presents a rare investment and living opportunity. Constructed in February 2000, this reinforced concrete (RC) structure spans four stories with a distinctive high-floor style and flat roof design, offering a total floor area of 254.78 square meters (approximately 77.07 tsubo) on a land area of 118.92 square meters (35.97 tsubo).

The property features a versatile layout designed for multiple households. The second floor contains a 2LDK unit, the third floor another 2LDK unit, while the fourth and fifth floors combine to form an integrated penthouse with a spacious 5LDK configuration. This arrangement makes the building ideal for extended families, owner-occupiers seeking rental income, or small-scale apartment management. The property is currently occupied, and viewings require prior appointment. The handover timing is negotiable.

Situated in a commercial zone within an urbanization area, the property benefits from favorable building regulations with an 80% building coverage ratio and 400% floor area ratio. The land rights are ownership, classified as residential land. The property faces a north-side road with approximately 7 meters of frontage and width. Practical amenities include parking for 4-5 vehicles, as well as both water supply and sewerage systems. The annual fixed asset tax for Reiwa 7 is 294,958 yen, and the brokerage commission is 3,696,000 yen (including tax).

The location offers excellent accessibility, being just an approximate 2-minute walk to the Wakasa bus stop and about 11 minutes on foot to the Meinohashi Monorail Station. The property is situated in a tsunami caution zone, an important consideration for potential buyers. Wakasa Elementary School is approximately 5 minutes away by foot, while Naha Middle School is about 4 minutes away.

The Wakasa district of Naha offers a blend of residential comfort and urban convenience. This area provides easy access to central Naha while maintaining a distinct local character. An interesting historical note is that the nearby Wakasa area has long been associated with Naha's development as a port city, with historical connections to the Ryukyu Kingdom's maritime activities. The closest major landmark is the Naha Port area, which serves as Okinawa's main maritime gateway and is home to the Tomari International Ferry Terminal, connecting the main island to the surrounding Kerama Islands and other destinations.