Investment Opportunity: Residential Apartment Building with Ocean Views in Uruma City
This property presents a compelling investment opportunity in Uruma City, Okinawa. It is a residential apartment building constructed in 1992, offering a total floor area of 280.51m² on a 290.41m² plot of land. The building features a versatile layout with a 3LDK unit on the first floor and 2LDK units on both the second and third floors, currently fully occupied. This occupancy status ensures a stable annual income of 3,096,000 yen, translating to a surface yield of 5%. The property boasts practical features including a reinforced concrete structure, a south-facing balcony with ocean views, and parking for up to five vehicles.
As detailed in the agent's notes, the location offers excellent convenience. Key amenities within walking distance include the Sanei Akasaki store (approx. 10 min/800m), the Home Center Tabata Ishikawa store (approx. 8 min/600m), a FamilyMart convenience store (approx. 6 min/450m), the Ishikawa Post Office (approx. 13 min/1km), and Higashiyama Fureai Park (approx. 3 min/200m). The property is also well-connected, with the Higashiyama Iriguchi bus stop just a 4-minute walk away.
The listing agent, House Do! Naha Shuri Branch, highlights their strengths to assist potential buyers. These include detailed explanations of housing loans, a family-friendly office with two parking spaces and a kids' area, access to a vast portfolio of property listings, the organization of property tours, a free 'My Page' registration for early access to new listings, and comprehensive COVID-19 prevention measures. Notably, the branch achieved the highest number of inquiries nationwide in 2022.
The surrounding area of Uruma City is rich in natural beauty and culture. An interesting fact is that Uruma City was formed in 2005 from the merger of four towns, creating a municipality that bridges the main island of Okinawa with the Katsuren Peninsula. The closest major tourist attraction is the iconic Katsuren Castle (Katsuren-jo), a UNESCO World Heritage site as part of the 'Gusuku Sites and Related Properties of the Kingdom of Ryukyu.' This historic castle ruin offers breathtaking panoramic views of the East China Sea and the surrounding coastline.
