Refurbished 3DK Apartment in Naha's Vibrant Kumoji District
This renovated 3DK apartment in Naha City's Kumoji 2-chome offers a stylish interior and comes fully furnished with appliances. Currently tenanted, it presents an immediate income opportunity with a gross yield of 7%. The property is situated on the 3rd floor of a 7-story reinforced concrete building constructed in May 1979.
Critical agent notes provide essential financial details: The land lease fee is 5,630 yen per month (fixed for the 40-year period from 2000 to 2040). The monthly management fee is 15,400 yen and the repair reserve fund is 16,240 yen (note: from April 2026, the combined total for management and repair reserves will be 31,640 yen). The current rent is 100,000 yen excluding tax (110,000 yen per month with tax). The agent emphasizes, "It's a waste to keep paying rent!" and encourages those considering property purchase to consult. They offer full support for loan arrangements, facilitating connections with financial institutions such as Flat 35, Kagoshima Bank, Okinawa Bank, Ryukyu Bank, and JA.
The location is exceptionally convenient. Kokusai-dori (International Street) is just a 5-minute walk away. Daily necessities are covered with Lawson Times Building store a 2-minute walk, FamilyMart Kumoji Miebashi store a 3-minute walk, and a 7-Eleven a 7-minute walk. Department store Ryubo is a 5-minute walk, with Max Value Wakasa store 15 minutes away and San-A Naha Main Place 32 minutes on foot. Public transport is excellent, with the Yui Monorail Kencho-mae Station approximately a 3-minute walk and the Noringin-mae bus stop about 2 minutes away.
The Kumoji area is at the heart of Naha's urban life, known for its bustling atmosphere and proximity to major shopping and dining. An interesting historical fact is that the nearby Kokusai-dori was rapidly developed after the Battle of Okinawa to serve the needs of the U.S. military and civilians, evolving into the vibrant tourist and commercial hub it is today. The closest major landmark is the iconic Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, located a short drive or monorail ride away in Shuri.
