Investment Opportunity: Awase 5-Chome Apartment Building in Okinawa City
This listing presents a compelling investment property: a three-story apartment building located in Awase 5-Chome, Okinawa City. The building, constructed in March 1976, offers a total land area of 166.84 square meters (approximately 50.47 tsubo). While the building has some age, it has received exterior wall painting, maintaining its condition. The property is currently not fully occupied, with two rooms available, allowing for potential viewings. When fully tenanted, the projected yield is an attractive 6.72%. The layout is configured as 2DK units. The structure is Reinforced Concrete Block (RCB) construction, situated on land designated for residential use under the First Category Residential Zone in a non-line designated urban planning area. The building coverage ratio is 60% with a floor area ratio of 200%. Access is convenient, with the "Kogen" bus stop approximately a 3-minute walk away.
The agent, Chubu Kōsan (Central Development Co., Ltd.), provides important notes for prospective buyers. They request that anyone wishing to view the property must contact Chubu Kōsan in advance. They emphasize that viewings, document requests, and on-site guidance can be handled smoothly over the phone. The company highlights its extensive experience, having been established in 1982 with over 40 years in the business. They state: "Leave it to us! We will support you step by step to get closer to your dream home!!" As a corporation, Chubu Kōsan supports the search for ideal homes and income properties. With the largest number of offices in the area, they comprehensively cover real estate information in Okinawa Prefecture. They promise to personally help resolve anxieties, from first-time real estate purchases to operational concerns. They also offer thorough advice and assistance with various loan introductions, financial planning, taxes, and legal matters.
The Awase area of Okinawa City offers a blend of residential comfort and coastal proximity. An interesting local fact is that the nearby Awase Tidal Flat is one of Okinawa's most important wetlands, recognized for its rich biodiversity, including many species of migratory birds. For a major tourist attraction, residents and visitors are within a reasonable distance of the Okinawa Comprehensive Athletic Park, a vast complex that hosted events for the 1987 National Sports Festival of Japan and includes stadiums, pools, and green spaces, making it a significant recreational landmark in the region.
