Investment Opportunity in Okinawa City: A Tenanted Condominium

This property presents a compelling investment opportunity in the vibrant Okinawa City. It is a 10-story reinforced concrete condominium building, with this specific unit located on the 6th floor. The apartment offers a functional 2LDK layout (two bedrooms, living, dining, and kitchen) with a total floor area of 45.28 square meters (approximately 13.7 tsubo). The unit was constructed in 1987, making it 39 years old. A key feature is that the property is currently tenanted under a fixed-term lease agreement, providing immediate rental income of 68,000 yen per month, which translates to an annual income of 816,000 yen and a surface yield of 5.9%. The agent's special notes are critical: ※Currently, as it is under a fixed-term lease agreement, interior viewings are not possible. This means prospective buyers can assess the building and location but cannot enter the occupied unit.

The apartment is equipped with separate bath and toilet facilities, and the building benefits from an elevator. While the property does not include dedicated parking, it boasts excellent public transport access, with the Koya bus stop just a 2-minute walk away, allowing for convenient, transfer-free trips to shopping and other amenities. The location in the Koya 1-chome district of Okinawa City is highly practical. The area falls within a commercial zone under urban planning regulations, with a high building coverage ratio of 80% and a floor area ratio of 400%.