Investment Apartment Building in Ginowan, Okinawa
This property is a substantial investment apartment building located in Ginowan City, Okinawa Prefecture. The building, constructed in March 1983, is a robust RC (reinforced concrete block) structure spanning 467.1 square meters across a generous 615 square meter plot of land. It offers a total of 23 rental units, comprising 22 one-room studio apartments and one 1LDK unit. A key feature highlighted in the agent's notes is the availability of parking for 24 vehicles, specifically designated for light cars (kei cars).
Financially, this property presents a compelling opportunity. When fully occupied, the building is projected to generate an annual gross income of approximately ¥6,828,000, translating to a surface yield of about 5.7%. The asking price is set at ¥120,000,000. The location is highly convenient, with the Nagata bus stop just a 7-minute walk away. The area is well-serviced by supermarkets, restaurants, and medical facilities. Furthermore, both the University of the Ryukyus and Okinawa International University are within an 8-minute drive, indicating strong rental demand from the student population.
