Investment Opportunity in Naha's Maeshima: A Four-Story Income-Generating Property
This four-story commercial building in Naha's Maeshima 3-chome presents a compelling investment opportunity with multiple established revenue streams. The property generates a total monthly rental income of 121,000 JPY, equating to an annual income of 1,452,000 JPY. A significant portion of this comes from a coin-operated laundry located on the first floor, which contributes approximately 3.11 million yen in annual revenue. Additional income is derived from solar power generation and vending machines, adding roughly 216,000 yen per year.
The building's layout consists of three one-room studio apartments spread across the second to fourth floors, plus the dedicated space for the self-operated laundry business on the first floor. Constructed in December 1971 (54 years old), the structure is a reinforced concrete block (RCB) build with a total floor area of 151.1 sqm situated on a 50.03 sqm plot of land. The property boasts a surface yield of 8.6%. The location is highly accessible, with the Tomari Port Entrance bus stop just a 2-minute walk away.
The Maeshima area is part of Naha's bustling port district, offering a dynamic urban environment. An interesting local fact is its proximity to Tomari Port, a key maritime gateway for cargo and ferries serving the outlying islands of Okinawa. The closest major landmark is the iconic Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, located a short drive away and offering a profound connection to Okinawa's unique history and culture.
