Keystone Mansion: A Prime Investment Property in Naha, Okinawa
Presenting Keystone Mansion, a robust and highly functional investment property located in the Ashimine district of Naha City, Okinawa. This is a mixed-use revenue-generating asset comprising a ground-floor commercial tenant and ten apartment units across the second and third floors, all currently operating under fixed-term lease agreements. The property offers a compelling annual rental income of 7,506,000 yen (approximately 625,500 yen per month), translating to a surface yield of about 4.8%.
The property's detailed specifications are as follows: The total land area is 54.44 tsubo (approximately 179.98 m²). The reinforced concrete (RC) building spans three stories with a flat roof. The total building area is 267.49 m² (80.91 tsubo), broken down into 83.44 m² on the first floor, 91.01 m² on the second, and 93.04 m² on the third. Constructed in October 2019 (Reiwa 1), the building is just six years old. The land is classified as residential land within an urbanization promotion area and a Quasi-Residential zone, with a building coverage ratio of 60% and a floor area ratio of 200%. Ownership rights are clear, and the annual fixed asset tax for Reiwa 7 is 403,900 yen. The buyer is responsible for the ownership transfer registration fees, and the brokerage commission is 5,181,000 yen (tax included).
Location is a key strength. The property is approximately a 10-minute walk from Akamine Station on the Okinawa Urban Monorail (Yui Rail) and only about a 7-minute drive from Naha Airport, offering excellent convenience for tenants and owners alike. The area is also notably suitable for minpaku (private lodging) business operations. For families, Kinjo Elementary School and Kinjo Junior High School are within a convenient 4-minute walk. The property is equipped with standard water and sewer systems.
The surrounding Naha area is rich in culture and history. An interesting local fact is that the nearby Tomari Port area was once a vital hub for the Ryukyu Kingdom's maritime trade with China and Southeast Asia. The closest major landmark is the iconic Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu Kingdom, located a short drive away and offering a profound glimpse into Okinawa's unique heritage.
