Spacious 13DK Investment Property in Naha's Historic Tsuboya District

This property presents a significant investment opportunity in the heart of Naha's famous Tsuboya district. The land area is 128.46 square meters (approximately 38.86 tsubo), with a building area of 144.65 square meters (approximately 43.76 tsubo). The structure is a wooden two-story building constructed in July 1968, making it 57 years old. The layout is a generous 13DK, offering multiple rooms and dining/kitchen space, and the property is pet-friendly. A key feature is the presence of private road burden (5 m2). The land rights are on a leased land basis.

According to the agent's notes, the price is 9.2 million yen. A rent revision is scheduled from March, with an expected new monthly rent of 122,000 yen, leading to an annual income of 1,464,000 yen. This results in a projected surface yield of 10.59%. The property is located within an urbanization promotion area and falls under the First Category Medium-to-High-Rise Exclusive Residential District. The building-to-land ratio is 60% with a floor area ratio of 200%. Access is convenient, with Asato Monorail Station approximately a 12-minute walk away.

The Tsuboya area is renowned as the historic center of Okinawan pottery, or "yachimun." For centuries, local kilns have produced distinctive Ryukyuan ceramics, and the district's main street is lined with workshops and galleries where visitors can observe artisans at work and purchase unique pieces. This cultural heritage makes the neighborhood a fascinating and popular spot for both tourists and locals seeking authentic Okinawan crafts. A major nearby landmark is the vibrant Kokusai Dori (International Street), a bustling thoroughfare filled with shops, restaurants, and entertainment, just a short distance from the property.