Investment Opportunity in Okinawa: Sashiki Daiichi Mansion
This property presents a compelling investment opportunity in the Sashiki Shinkai area of Nanjo City, Okinawa. The Sashiki Daiichi Mansion (Sashiki First Mansion) is a reinforced concrete (RC) structure apartment currently tenanted, generating a monthly rental income of 33,000 yen. This translates to a high surface yield of 7.9%, making it an attractive asset for investors seeking cash flow. The unit is a compact 1R layout with a private area of approximately 19.52 square meters (about 5.9 tsubo), situated on the 2nd floor of a 4-story building constructed in 1991.
Critical agent notes have been translated and provide essential financial details. The fixed asset tax for Reiwa 4 (2022) is 13,549 yen. Monthly fees include a management fee of 2,000 yen and a repair reserve fund of 3,500 yen. The agent, Raia Home, emphasizes their personalized service, encouraging families to view properties together. They highlight their extensive experience with new condominiums, land, and detached houses, and invite potential buyers to discuss the merits and demerits of different housing types. They describe their company as lively and homely, with flexible consultation hours.
The location in the Shinkai district of Nanjo City offers convenient daily living. Supermarkets, hospitals, and convenience stores are all within walking distance. Public transport is accessible via the Shinkai bus stop, just a 4-minute walk away. The property is offered for sale at 5,000,000 yen, with the handover date subject to consultation. The current tenant provides immediate rental income for the new owner following this owner-change transaction.
The surrounding area of Nanjo City is rich in cultural and natural attractions. An interesting historical fact is that Nanjo City is home to several sacred utaki (grove) sites central to indigenous Ryukyuan religion. The closest major tourist attraction is the stunning Sefa-Utaki, a UNESCO World Heritage Site. This sacred prayer site, with its triangular opening in the rock formation overlooking the ocean, was one of the most important spiritual locations in the Ryukyu Kingdom.
