Investment Opportunity in Naha: Mixed-Use Apartment Building with High Yield
This is a prime investment property located in the Tsubogawa area of Naha City, Okinawa. The building is a 17-unit apartment complex constructed in March 2002, offering a combination of residential and commercial spaces with a 1K layout. The total building area is 775.2 square meters (234.49 tsubo) situated on a land plot of 356.64 square meters (107.88 tsubo). The property is a reinforced concrete (RC) structure with elevator access and is situated on a corner lot, making it suitable for single occupants.
As a revenue-generating asset, this property boasts an annual income of 14.79 million yen when fully occupied, translating to a surface yield of 5.5%. The building is designated for shop and office use with residential components. A critical note from the agent states: "A nearby parking lot (approximately 38 tsubo) is scheduled for separate sale, and simultaneous purchase is possible." This presents a valuable opportunity to acquire additional land to enhance the property's utility and value.
The location offers excellent accessibility, being about a 15-minute walk from the Monorail's Tsubogawa Station and a 5-minute walk from the Yogi Elementary School bus stop. The area is within Naha's urbanization promotion area and falls under the Second Category Residential zoning. The property is offered for sale at a price of 269 million yen.
