Investment Opportunity: 12-Unit Apartment Building in Naha City, Okinawa
This property presents a significant investment opportunity in the sought-after area of Oroku, Naha City. It is a 12-unit apartment building constructed in November 1977, offering a stable annual income of 5,888,400 yen. The building features a reinforced concrete block (RCB) structure and sits on a generous land plot of 499.37 square meters (approximately 151.06 tsubo). The total building area is 451.74 square meters (136.65 tsubo).
All units within the building are configured as 2DK layouts, providing a consistent rental product. The property includes parking for three vehicles. A key point for potential buyers is that the property will be transferred in its current condition (現状有姿の引き渡し). The price has recently been adjusted from 150 million yen to 130 million yen, enhancing its investment appeal.
The building is situated in Naha's urban planning area, zoned as a Category II Medium-to-High-Rise Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%. It is conveniently located approximately a 16-minute walk from the Monorail's Onoyama Park Station, providing excellent access to public transportation.
The Oroku district is a vibrant and well-established residential and commercial area in southern Naha. An interesting historical fact is that the area's name is derived from the Ryukyuan word for a small harbor or inlet, reflecting its coastal history. The property is also within a reasonable distance of major attractions like the iconic Shuri Castle, a reconstructed Ryukyuan royal palace and a UNESCO World Heritage site, which draws visitors from around the world.
