Apartment Building Investment Opportunity in Naha's Akebono District
This commercial apartment building, located in the Akebono 1-chome area of Naha City, Okinawa, presents a significant investment opportunity. The property comprises a total of 17 units, including 16 one-room Western-style apartments and a separate office space occupying the entire second floor (approximately 32 tsubo). Constructed in December 1990 with a reinforced concrete (RC) structure, the building spans a total floor area of 487.92 m² on a land plot of 152.62 m² within a commercial zone.
Critical agent notes and features have been translated and incorporated. The building is equipped with an elevator and internet connectivity. Important remarks from the agent highlight the following: The property is conveniently situated near various amenities including Tenku Ryubo (approx. 838m), a FamilyMart convenience store (approx. 340m), Ohama Daiichi Hospital (approx. 259m), Okinawa Kaigin Bank's Aja Branch (approx. 790m), and Akebono Post Office (approx. 772m). Pets are not permitted. A major convenience is the ability to take out trash 24 hours a day, 365 days a year. The building offers comfort comparable to a condominium, includes a bicycle parking area, and is fitted with security cameras for peace of mind.
The property generates a substantial annual income of ¥10,896,000 when fully occupied, translating to an estimated surface yield of 6.4%. Monthly operational costs include garbage collection fees of ¥11,204, internet connection charges of ¥15,510, and elevator inspection fees of ¥20,900. The location in a commercial district ensures proximity to restaurants, convenience stores, banks, and post offices, adding to its appeal for tenants. The building is on a corner lot and includes air conditioning, making it suitable for single occupants.
