Newly Built Pet-Friendly Apartment Building in Naha's Popular Matsuo Area

This newly constructed apartment building, completed in March 2024 (Reiwa 6), presents a compelling investment opportunity in the sought-after Matsuo area of Naha City, Okinawa. The property is a pet-friendly, whole-building sale with significant income potential. According to the agent's notes, the projected annual income at full occupancy is 14,676,000 yen, yielding a gross yield of 5.0%. The building comprises 15 one-room (1K) units and 2 one-bedroom living-dining-kitchen (1LDK) units, offering a total of 17 rental spaces. Two on-site parking spaces are included within the 246.95 square meter land plot.

The building itself is a steel structure (S造) with a total floor area of 496.1 square meters. It features modern amenities including separate bath and toilet facilities, air conditioning, an auto-lock security system, and an elevator. The property is located within Naha's urbanization promotion area and is zoned as a Category 1 Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%. Conveniently, it is approximately an 8-minute walk from the Kenchomae Station on the Okinawa Urban Monorail (Yui Rail).