Investment Apartment Building in Naha City, Okinawa
This is a 12-unit apartment building located in Tsuji 1-chome, Naha City, Okinawa Prefecture, presenting a significant investment opportunity. The property consists of one commercial shop unit and 11 residential units, with a mix of one 2DK and ten 1DK layouts. When fully occupied, the property offers a surface yield of 8.4%, generating an annual income of 6,714,000 yen. The building spans a total floor area of 499.61 square meters (approximately 151.13 tsubo) on a land plot of 195.06 square meters (59 tsubo).
Constructed in December 1979, the building features a reinforced concrete block (RCB) structure. A critical note from the agent states that in Reiwa 2 (2020), waterproof coating was applied and the aluminum window grilles were replaced, indicating recent maintenance to the exterior. The property is situated in a commercial zone within an urbanization promotion area, with an 80% building coverage ratio and 400% floor area ratio. There is no private road burden. Pets are not permitted.
