Investment Opportunity: Renovated Apartment Building in Ginowan, Okinawa
This property presents a compelling investment opportunity in the popular Uchidomari area of Ginowan City, Okinawa. The building, named "Hana House [OC]", is a renovated apartment complex constructed in October 2014 (11 years old as of listing). It is a reinforced concrete (RC) structure with a total land area of 153 square meters (approximately 46.28 tsubo). The property is listed for sale at 104,000,000 JPY.
According to the agent's notes, the property is currently generating income with a potential annual revenue of 4.71 million JPY from minpaku (private lodging) operations, indicating a yield of approximately 4.5%. The building features a 2LDK layout and has been fully renovated. Key facilities include separate bath and toilet, air conditioning, an auto-lock security system, and on-site parking. A special note from the agent states: "In case of any discrepancy with the current condition, the actual current condition takes priority."
The agent provides a detailed, step-by-step guide for the purchase process: 1) Initial Consultation: Discuss your desired conditions with the assigned agent. 2) Financial Planning & Loan Pre-Approval: Clarify necessary funds and create a detailed financial plan to form a realistic vision. 3) Property Selection & On-site Viewing: Begin property tours to visualize your family living there. 4) Application: Submit a purchase application to the seller and negotiate terms. 5) Contract & Important Matters Explanation: Thoroughly review the property and contract details to avoid post-handover issues. The agent will then guide you through mortgage and fire insurance applications. 6) Final Payment & Key Handover: The long-awaited move-in! The company also offers comprehensive after-sales support, including arrangements for renovation work, moving companies, and handling mortgages with local and online banks.