Investment Apartment Building in Naha City, Okinawa
This listing presents a substantial investment opportunity: a 7-story, 12-unit apartment building located in Naha City's Gushi 1-chome. The property is priced at 185 million yen and offers a calculated annual net yield of 6.42%, with projected annual rental income of 11.88 million yen. The building, constructed in July 1994 (31 years old), features a reinforced concrete structure and sits on a 371.35 square meter (112.33 tsubo) plot of land. The total building area is a spacious 728.84 square meters (220.47 tsubo).
The property is configured as a multi-unit residential investment. All 12 units follow a 3DK layout (three rooms plus dining-kitchen), each approximately 58.32 square meters in size. Key building amenities include separate bath and toilet facilities and an elevator. The property benefits from a 10-meter wide public road frontage to the west and is situated within a Category I Residential District under the Urbanization Promotion Area. Parking is ample with 12 dedicated spaces. The location offers convenient access, being approximately an 18-minute walk from the Akamine Monorail Station and a 7-minute walk from the "Kora" bus stop.
Critical agent notes have been provided. A special remark states: "To fellow industry professionals: We are unable to introduce this property due to the seller's intentions." The designated school districts for the property are Kora Elementary School and Oroku Junior High School. The agent also encourages inquiries via their official LINE account, noting: "We also accept questions and consultations about the property via our official LINE. Please feel free to consult with us. Search for LINE ID: @919deliu. Please contact us via the talk screen after adding us as a friend."
The Gushi area of Naha provides a blend of residential calm and accessibility. A major point of interest is the proximity to Naha Airport, making this property particularly interesting for investors considering rental demand related to airport staff or travelers. The area is also within reasonable distance of the vibrant Kokusai Dori (International Street) in central Naha, famous for its shops, restaurants, and Ryukyuan cultural atmosphere. For a significant historical landmark, Shuri Castle, a UNESCO World Heritage site and former palace of the Ryukyu Kingdom, is a must-visit attraction located a short drive away, offering breathtaking views and deep cultural insights into Okinawa's unique history.
