Investment Opportunity: High-Yield Apartment Building in Naha's Shuri District

This well-established apartment building, located in the Shuri Ishizaki-cho 2-chome area of Naha City, Okinawa, presents a compelling investment opportunity. The property is currently fully occupied, generating a substantial annual rental income of 4.22 million yen with a calculated yield of 5.3%. The building sits on a generous 286 square meter plot of land in a highland location, offering pleasant views and a sense of openness.

The structure itself is a reinforced concrete (RC) building constructed in August 2007, comprising a total of six units. The layout consists of five spacious 2LDK (two bedrooms, living, dining, kitchen) units and one single-room unit, catering to a variety of tenant needs. With a total building area of 262.91 square meters, the property is efficiently designed. Its location is highly convenient, being just a 4-minute walk to Shurijo Higashi Elementary School and approximately a 17-minute walk to the Shuri Monorail Station, providing excellent access to public transportation. The area offers good traffic access to neighboring districts such as Nishihara, Urasoe, and Haebaru.

The Shuri district is rich in history and culture, being the former capital of the Ryukyu Kingdom. The area's most famous landmark, the UNESCO World Heritage site Shuri Castle, is a major tourist attraction located just a short distance away. While the castle suffered a fire in 2019, extensive reconstruction efforts are ongoing, and the surrounding park and historical sites remain a significant draw for visitors and a point of cultural pride for residents. This property offers not only a solid financial investment but also a foothold in one of Okinawa's most historically significant and continuously evolving neighborhoods.