Investment Opportunity in Urasoe: An 8th Floor Corner Apartment with Rental Income
This property presents a compelling investment opportunity in the vibrant city of Urasoe, Okinawa. Currently tenanted, the apartment offers immediate rental income of 53,000 yen per month, translating to an annual yield of 636,000 yen and a calculated gross yield of 9.7%. The unit is an 8th-floor corner apartment in an 11-story building, offering a southwest-facing orientation for ample natural light. The building itself is a sturdy SRC (steel-framed reinforced concrete) structure built in March 1975.
The apartment features a 3DK layout with a total floor area of 52.85 square meters (approximately 15.98 tsubo). Key amenities include a separate bath and toilet, an elevator, and the property is noted as being suitable for families. According to the agent's special notes, the monthly fees are detailed as follows: a management fee of 8,080 yen, a repair reserve fund of 3,000 yen, and a land lease fee of 3,250 yen. The land rights are listed as a leasehold (借地). The property is located in a well-developed commercial area with excellent access to elementary and junior high schools.
The Minatogawa district of Urasoe is a dynamic area known for its concentration of commercial facilities, providing residents with convenient access to shopping and daily necessities. An interesting historical fact about Urasoe is that it was once the seat of the Ryukyu Kingdom's government before the capital moved to Shuri in Naha. The area offers excellent connectivity, with the Minatogawa bus stop just a 2-minute walk away. For a major tourist attraction, the famous Shuri Castle, a UNESCO World Heritage site and the former palace of the Ryukyu Kingdom, is located in the neighboring city of Naha and is easily accessible from this location.
