Investment Apartment in Ishigaki City with 6.6% Gross Yield

This property is a two-unit apartment building located in the Tonoshiro district of Ishigaki City, Okinawa. The building, constructed in March 2020, is a wooden structure with a total floor area of 85.71 square meters (approximately 25.92 tsubo) situated on a 134.2 square meter (40.59 tsubo) plot of land. The layout is configured as two separate 1LDK maisonette units, offering a unique living arrangement. The property is currently tenanted, which means interior viewings are not possible, but it presents an immediate income opportunity for an investor.

According to the agent's special notes, all inquiries and requests for documents should be made via email to [email protected]. Furthermore, details regarding fixed asset taxes and other related costs are currently under confirmation. The property boasts a gross surface yield of 6.6% and is situated within an 8-minute walk from a major intersection, ensuring excellent convenience and accessibility.

The area of Tonoshiro in Ishigaki City is a vibrant urban center, offering a blend of local life and tourist amenities. Ishigaki Island is the gateway to the stunning Yaeyama Islands, renowned for some of Japan's best beaches and coral reefs. A major nearby landmark is the iconic Kabira Bay, located on the northwest coast of the island. This famous scenic spot is known for its crystal-clear emerald-green waters, white sand, and picturesque islets, and is one of only a few places in Japan where you can see the rare black pearl cultivation.