Investment Opportunity: A Profitable 6-Unit Apartment Building in Urasoe, Okinawa

This property presents a solid investment opportunity: a three-story reinforced concrete block (RCB) apartment building located in the Urasoe City, Okinawa Prefecture. The building, constructed in September 1973, sits on a generous 270.68 square meter plot of land and offers a total floor area of 238.94 square meters. It is configured as a six-unit rental property, currently capable of generating a substantial annual income of 3,516,000 yen when fully occupied, which translates to a surface yield of approximately 7%.

Critical agent notes have been provided, offering essential financial and legal details. The property management fee for the rental units is 15,675 yen per month, which represents 5% of the rental income. The road fronting the property is a designated private road. The annual fixed asset tax (property tax) is 106,700 yen. The building has been renovated and includes parking space for up to five vehicles, adding significant convenience for tenants.

The location in Urasoe's Uchima 4-chome district is highly favorable, surrounded by numerous commercial facilities, ensuring a convenient and comfortable living environment for residents. The area is well-connected, with the Miyagi 5-chome bus stop just a one-minute walk away. Urasoe City itself is a vibrant part of central Okinawa, rich in history and culture. An interesting local fact is that Urasoe was once the seat of the Ryukyu Kingdom's government before it moved to Shuri. The property is also within a reasonable distance from major Okinawan attractions, including the iconic Shuri Castle, a reconstructed palace of the Ryukyu Kingdom and a UNESCO World Heritage site.