Investment Potential and Residential Comfort in Naha's Nagata District
This property, located in Nagata 2-chome, Naha City, Okinawa, presents a compelling opportunity for both investors and owner-occupiers. The land area is 76.41 square meters (approximately 23.11 tsubo), with a building area of 77.76 square meters (23.52 tsubo). The structure is a reinforced concrete (RC) building situated on land designated for residential use within the urbanization promotion area and the Second Category Medium-to-High-Rise Residential Zone. The building-to-land ratio is 60% with a floor area ratio of 200%. The property is accessed via a 4.8-meter-wide road to the east.
Translated agent notes on equipment and features highlight several key advantages: the bathroom and toilet are separate, air conditioning is installed, the property is near a university or vocational school, and it is suitable for families. These features enhance livability and appeal to a stable tenant base. The location offers excellent daily convenience, with a convenience store a 5-minute walk away, a supermarket within a 4-minute walk, and a general hospital approximately 11 minutes on foot. The property is also within the school districts for Naha City Kamima Elementary School (a 4-minute walk) and Ishida Junior High School.
From an investment perspective, the property boasts a projected gross rental yield of 4.59% at full occupancy, making it a valuable consideration for investment purposes. It possesses the potential to meet both personal use and income-generating needs. While the property does not include dedicated parking, its comprehensive surrounding amenities and good transportation access—including Yui Rail's Asato Station about a 25-minute walk away—contribute to stable residential demand.
