Investment Apartment Building for Sale in Naha City, Okinawa
This is a substantial investment opportunity: a revenue-generating apartment building located in the Kuba district of Naha City, Okinawa. The property is situated along a national highway, offering excellent visibility and accessibility, with a bus stop conveniently located right in front of the building. It is also noted for its proximity to Okinawa University. The building is currently for sale, presenting a significant income stream with an annual revenue of approximately 40.35 million yen when fully occupied. Interested parties are welcome to inquire, and viewings of currently vacant units are possible.
The property consists of a reinforced concrete (RC) structure built in February 2006, making it approximately 20 years old. It spans a total floor area of 1,941.3 square meters (587.24 tsubo) on a generous land plot of 1,119.07 square meters (338.51 tsubo). The layout comprises multiple 1K (one room with kitchen) Western-style units. Building amenities include separate bathrooms and toilets, air conditioning, an auto-lock security system, and an elevator, making it suitable for single occupants. The location is categorized under the City Planning Act as an urbanization area with a Quasi-Residential / Category 1 Low-Rise Residential land use designation.
Critical agent notes have been provided, which contain essential terms of the sale. These notes specify the following: The seller's liability for non-conformities in the contract is exempt. Furthermore, all costs associated with the transfer of ownership are to be borne by the buyer. The property offers a surface yield (gross yield) of 5.68%.
