Lions Mansion Makishi Unit 31: A Prime Investment Property in Naha

This property is a prime investment opportunity located in the heart of Naha, Okinawa. The Lions Mansion Makishi Unit 31 is a 7-story reinforced concrete apartment building built in May 1984. The specific unit for sale is on the 1st floor and consists of two separate rooms currently operating as street-level retail spaces. The total exclusive area is 109.38 square meters (approximately 33.08 tsubo).

This is an owner-change property, meaning it is a fully tenanted investment. The current monthly rental income is 419,570 yen, generating an estimated annual revenue of approximately 5.03 million yen, which translates to a surface yield of 7.76%. Critically, there are no plans for the tenants to vacate, ensuring immediate and stable cash flow for the new owner. The breakdown of the monthly fees for the two units is as follows: Room 102 incurs a management fee of 14,800 yen and a repair reserve fund of 2,690 yen, while Room 103 has a management fee of 14,510 yen and a repair reserve of 2,570 yen. The combined monthly management and repair fees for the property total 29,310 yen and 5,260 yen, respectively.

The building is well-equipped with an elevator and uses city gas. It features an auto-lock security system for resident safety. The location is exceptionally convenient, situated within a 5-minute walk from Naha's famous Kokusai-dori (International Street) and approximately a 7-minute walk from the Yui Rail monorail's Miebashi Station. The property is also about a 4-minute walk from the Sogenji bus stop. The transfer of ownership is negotiable, as the property is currently leased.