Investment Opportunity: Nine-Unit Apartment Building in Naha, Okinawa
This property presents a compelling investment opportunity: a nine-unit apartment building located in Naha City's Gushi 2-chome. The building, constructed in July 1994, is currently under a bulk lease agreement with the Japan Self-Defense Forces, providing a stable and reliable income stream. The annual rental income is reported at 8.63 million yen, which translates to a gross yield of 5.3% based on the asking price of 162 million yen.
The building sits on a generous 640.04 square meter plot of land, with a total floor area of 567 square meters across its reinforced concrete (RC) structure. The layout consists of nine separate 3LDK (three-bedroom living-dining-kitchen) units, making it suitable for families. The property is situated within an urbanization promotion area zoned as Category 1 Low-Rise Residential. Key features include no private road maintenance obligations and full ownership rights to the land. The closest public transport is the "Takara" bus stop, approximately a 12-minute walk away.
