Investment Apartment Building in Nago's Popular Umoza-no-Mori Area
This is a substantial 20-unit apartment building located in the sought-after rental area of Umoza-no-Mori in Nago City, Okinawa. The property is an owner-change opportunity situated within a land readjustment area, ensuring a well-planned residential environment. A key feature is its future potential, being approximately a 19-minute drive to Jungle Resort Okinawa, indicating a location poised for growth and desirability.
The building offers a total floor area of 939.4 square meters across a land plot of 1,033.77 square meters. Constructed in September 2015, it is a 10-year-old reinforced concrete (RC) structure. The unit mix consists of 12 one-bedroom plus living-dining-kitchen (1LDK) units and 8 two-bedroom plus living-dining-kitchen (2LDK) units, catering to a range of tenants. The property boasts a gross surface yield of 5.7%, presenting an attractive income stream for investors. Facilities include separate bath and toilet units and air conditioning. The location is highly convenient, with Nago Bus Terminal just a 3-minute walk away.
The area of Nago offers a blend of urban convenience and natural beauty on Okinawa's main island. An interesting fact is that Nago is home to the annual Orion Beer Festival, a major event celebrating the locally brewed beer. The closest major landmark is the stunning Okinawa Churaumi Aquarium, one of the largest aquariums in the world, located in the Ocean Expo Park approximately a 30-minute drive away, showcasing the incredible marine life of the region.
