Investment Opportunity in Naha's Hanatagawa Area
This property is a 166 square meter (50.21 tsubo) land parcel with a building, currently under an owner change. The existing building is a reinforced concrete (RC) structure built in March 1976, making it approximately 50 years old. It has been renovated and is currently tenanted, meaning interior viewings are not possible. The photos provided are from the time of the renovation.
The property features a 2LDK layout with a living-dining-kitchen area of 14.6 tatami mats, plus two Western-style rooms each measuring 6 tatami mats. Key amenities include separate bath and toilet facilities, air conditioning, and parking availability. The building area is 71.64 square meters (21.67 tsubo). The land is designated as residential land within an urbanization promotion area and a Category I Mid-to-High Rise Residential Zone, with a building coverage ratio of 60% and a floor area ratio of 200%. The property fronts a 4.8-meter wide road to the northwest.
Agent notes highlight that this is a renovated property suitable for families and is positioned as a stable asset formation opportunity for investors. Interested parties must contact the agent for detailed information on the tenancy status. The property is located in the Shikinami Elementary and Ishida Junior High school districts. Convenience stores are about a 7-minute walk away, and supermarkets are approximately an 8-minute walk, ensuring good daily living convenience. The nearest monorail station is Shuri Station, about a 26-minute walk.
The Hanatagawa area in Naha offers a blend of residential calm and urban access. An interesting local fact is that the nearby Shuri area was once the capital of the Ryukyu Kingdom, a UNESCO World Heritage site. The closest major landmark is the magnificent Shuri Castle, a reconstructed symbol of Okinawa's unique history and culture, located within a reasonable distance from the property.
