Investment Opportunity in Naha: Fully Occupied Apartment Building with Strong Rental Income

This property presents a compelling investment opportunity in the heart of Naha City, Okinawa. Located in the Tsubogawa 1-chome area, this apartment building is currently fully occupied, generating a stable and attractive rental income. According to the agent's special notes, the property yields a monthly rental income of 691,980 yen and an annual rental income of 8,303,760 yen. This immediate cash flow makes it an ideal asset for investors seeking a turnkey income property.

The building itself is a reinforced concrete block (RCB) structure built in December 1977, making it 48 years old. It sits on a generous 319.18 square meter (96.55 tsubo) corner plot within a Category II Residential zone. The total building area is 600.73 square meters (181.72 tsubo). The layout consists of 3DK family-type units, catering to a stable tenant demographic. While the building is older, its prime location in central Naha and its corner lot position offer significant potential for future redevelopment or alternative uses. The agent suggests possibilities such as land subdivision, condominium development, a combined residential and apartment building, or a tenant building.