Investment Apartment in Nago City with Strong Rental Yield
This income-generating apartment building in Nago City, Okinawa, presents a compelling investment opportunity with a stated gross yield of 8%. The property is priced at 28.8 million yen and generates a monthly income of 192,000 yen, translating to an annual revenue of 2,304,000 yen. The building, constructed in January 1974, is a reinforced concrete block (RCB) structure with a total floor area of 194.68 square meters spread over multiple stories.
The property consists of units with a 2LDK layout. It is situated on a 116-square-meter plot of land zoned for residential use within a commercial neighborhood. The location is highly convenient, being close to Nago City Hall and several convenience stores. A number of restaurants are also located in the surrounding area, making it a practical location for daily life. The property is classified as a corner unit. Please note that pets are not permitted.
The area of Nago City is the gateway to the lush Yanbaru region in northern Okinawa. An interesting local fact is that Nago is famous for its annual Cherry Blossom Festival, one of the earliest in Japan due to Okinawa's subtropical climate. The city offers a blend of urban amenities and natural beauty, with the closest major landmark being the scenic Nago Bay, known for its beautiful coastline and views of the East China Sea.
