Apartment Investment Opportunity in Miyakojima's Higashinakasone
This property is a two-unit apartment building located in the Higashinakasone area of Miyakojima City, Okinawa. The land size is a generous 236.69 square meters, with a building area of 80.3 square meters. The structure is a reinforced concrete block (RCB) construction built in August 1977, making it 48 years old. The layout is a 2DK configuration, featuring two Japanese-style rooms (6-tatami mats each) along with a dining-kitchen area.
According to the agent's notes, one of the two units is currently rented out for 30,000 yen per month, providing immediate rental income. The other unit is vacant, offering flexibility for the buyer. The agent highlights several potential uses: the buyer could occupy the vacant unit for personal use, or after the tenant vacates, the entire building could be redeveloped or rebuilt to create a new residence. Its proximity to the entertainment district also makes it a strong candidate for a vacation or second home.
The property is situated on a corner lot with no private road maintenance burdens. It has multiple road frontages: to the north (7.5m wide), and to the northeast, east, southeast, south, southwest, west (4m wide), and northwest. The property is zoned as a Category I Medium-to-High Rise Exclusive Residential District, with a building coverage ratio of 60% and a floor area ratio of 200%. The nearest bus stop, the Taira Bus stop, is approximately a 4-minute walk away.
