Investment Apartment in Awase, Okinawa City with 5.1% Yield
This apartment building, located in the Awase 1-chome area of Okinawa City, presents a compelling investment opportunity. The property is part of T&C LABO's income property series and is currently fully occupied, offering immediate rental income. According to the agent's special notes, this is an owner-change property generating an annual rental income of 4,392,000 yen, which translates to a surface yield of 5.1%.
The building itself is a reinforced concrete (RC) structure built in February 2003, making it 23 years old. It sits on a generous land plot of 284.25 square meters with a building area of 282.2 square meters. The layout is a 1DK configuration. The property is situated on a corner lot and is described as suitable for single occupants. Key transaction details note that the land rights are ownership, there is no private road burden, and the zoning is for Category 1 mid-to-high-rise exclusive residential use within a non-line designated urban planning area. The building-to-land ratio is 60% with a floor area ratio of 200%.
The location offers convenient access, with the Awase Fishing Port Entrance bus stop approximately a 3-minute walk away. The area of Awase in Okinawa City is known for its coastal atmosphere and proximity to the Awase tidal flat, a significant wetland area that is a haven for birdlife. A major nearby landmark is the Okinawa Comprehensive Athletic Park, which includes a large stadium and sports facilities, and is just a short drive away.
