Investment Opportunity: Apartment Building in Naha City, Okinawa
This apartment building for sale in Naha's Mihara district presents a compelling investment opportunity with a strong rental yield. The property is priced at 90,000,000 yen and offers a calculated gross yield of 4.99%. The building is a three-story reinforced concrete (RC) structure built in June 1998, covering a total floor area of 295.15 square meters on a land plot of 271.37 square meters.
Key features include a highly convenient layout with six rental units. The second floor contains one 1R (studio), one 2DK, and one 2LDK apartment. The third floor houses three 2DK units. A significant advantage for tenants and the property's value is the ample on-site parking, which is secured at 150% capacity, providing a total of nine parking spaces. The property is located within the Urbanization Promotion Area and is zoned as a Category I Medium-to-High-Rise Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%.
The location offers excellent daily convenience. The Miharaguchi bus stop is approximately a 3-minute walk away, and Shiwashi Elementary School is about a 6-minute walk. The property faces southwest onto a 5-meter-wide road. The transaction is handled as a general intermediary, and the land rights are freehold with no private road burden.
