Investment Opportunity in Nishihara Town: A Well-Maintained Apartment Building

This property presents a solid investment opportunity in the town of Nishihara, Okinawa. It is an apartment building constructed in July 1992, featuring a total of 15 units. The building is currently not fully occupied, with two rooms available. The property has undergone interior repairs, ensuring it is in good condition for tenants. The structure is a reinforced concrete block (RCB) construction, offering durability. A notable feature is the first-floor pilotis parking area, which provides space for up to six compact (kei) cars.

According to the agent's special notes, the fixed asset tax for the Reiwa 7 fiscal year is ¥237,300. When fully occupied, the building's projected annual revenue is approximately ¥5,922,000. This translates to a gross yield of 7.9% at full occupancy, indicating a strong income potential for investors. The property is listed for sale at 75,000,000 yen.

The apartment is situated on a 193.38 square meter plot of land within an urbanization promotion area, zoned as a Category 1 Medium-to-High-Rise Residential District. The building itself offers a total floor area of 286.2 square meters. The layout is described as a 1-room Western-style configuration. Pets are not permitted in the building.

The area of Nishihara Town offers a residential atmosphere while maintaining good access to the broader Okinawa prefecture. An interesting local fact is that Nishihara is home to the University of the Ryukyus, one of Okinawa's most prominent national universities, contributing to a vibrant academic community. For recreation and tourism, residents and visitors are within a reasonable distance of the famous Shuri Castle, a UNESCO World Heritage site and a reconstructed palace of the Ryukyu Kingdom located in Naha.