Investment Opportunity in Naha's Vibrant Center: A 2019-Built 1LDK Apartment with Tenant in Place
This property presents a compelling investment opportunity in the heart of Naha, Okinawa. It is a 1LDK apartment located on the 3rd floor of an 11-story reinforced concrete (RC) structure built in 2019. Currently tenanted with a monthly rent of ¥120,000, the unit offers a surface yield of 4.8% and is part of an owner-change transaction. The apartment features a functional layout with a Western-style room of approximately 4.2 tatami mats and a combined living, dining, and kitchen area of about 10.2 tatami mats, totaling a private area of roughly 38.55 square meters (approx. 11.7 tsubo). A balcony of about 6.5 square meters provides additional outdoor space.
The property is well-equipped with modern amenities for comfortable living. Key features include a system kitchen, air conditioning, a walk-in closet, ample storage, and a vanity unit with a shampoo sink. The unit also benefits from a heated toilet seat, an indoor washing machine space, and fiber-optic internet readiness. Building-wide facilities enhance security and convenience, featuring an auto-lock entry system, an intercom with monitor, a parcel delivery box, and an elevator.
The building is managed by a homeowners' association, with full management entrusted to the management company, Haseko Community Okinawa Co., Ltd. Monthly fees include a management fee of ¥9,900 and a repair reserve fund of ¥2,700. While there is no dedicated parking space for this unit, the property's prime location minimizes reliance on a car. Pets are allowed subject to consultation. The transfer of the property is negotiable, and the current status is tenanted.
