Investment Opportunity: Apartment Building in Naha's Hanatagawa Area
This listing presents a concrete-built apartment building for sale in the Hanatagawa 2-chome district of Naha City, Okinawa. The property, constructed in November 1987, sits on a land area of 194.48 square meters (approximately 58.83 tsubo) and offers a total building floor area of 480 square meters. It comprises 20 units, featuring a mix of one-room, 1DK, and 1LDK layouts, catering primarily to single occupants and having undergone renovations.
Critical agent notes have been provided and must be highlighted. The property is located within a sediment disaster warning zone (steep slope area). Confirmation is required at the time of construction regarding this designation. The agent, Fudosan Station Okinawa Oodaimae Shop, encourages interested parties to feel free to inquire and can be contacted at TEL 098-996-2166 or FAX 098-996-2168.
Financially, the property is listed at 98 million yen. It currently generates a monthly income of 615,500 yen with four vacancies. At full occupancy, the projected monthly income is 747,000 yen, yielding an annual income of 8,964,000 yen and a surface yield of 9.14%. The current surface yield with vacancies is 7.35%. The annual fixed asset tax is 325,612 yen (as of Reiwa 2). The property is situated within an urbanization promotion area zoned as Category 1 Medium-to-High Rise Residential.
The Hanatagawa area in Naha offers convenient local living. An interesting historical fact about Naha is that it was almost completely destroyed during the Battle of Okinawa in 1945 and has since been meticulously rebuilt into the vibrant prefectural capital it is today. The closest major tourist attraction is the UNESCO World Heritage site of Shuri Castle, the former palace of the Ryukyu Kingdom, located approximately a 15-minute drive away, offering profound cultural and historical insights into Okinawa's unique past.
