Investment Opportunity: Multi-Unit Apartment Building in Urasoe, Okinawa

This property presents a significant investment opportunity in the form of a multi-unit apartment building located in the Taira 2-chome district of Urasoe City, Okinawa. The building, constructed in 1996, offers a total floor area of 1,763.24 square meters (533.38 tsubo) on a generous land plot of 1,428.99 square meters (432.26 tsubo). The layout consists of 24 units with a 2LDK configuration and 5 units with a 3LDK configuration, providing a diverse rental portfolio. According to agent notes, the property is conveniently located near National Route 330 and a pipeline, ensuring excellent access. A key feature is that the building is currently vacant, allowing for immediate viewings. The agent confirms this is a property under their direct management.

The building is a reinforced concrete (RC) structure within an urbanization promotion area zoned as Category 1 Medium-to-High-Rise Residential. Key specifications include a building-to-land ratio of 60% and a floor area ratio of 150%. The land rights are freehold (ownership) with no private road maintenance burdens. The property is designated for residential use with a land category of residential land. Public transportation is accessible via the "Yoimei High School Mae" bus stop, approximately an 8-minute walk away. Please note that pets are not permitted in the building.

The Taira area of Urasoe offers a blend of residential comfort and accessibility to central Okinawa. An interesting local fact is that Urasoe City was once the seat of the Ryukyu Kingdom's government before it moved to Shuri. The property is situated within a reasonable distance from major Okinawan attractions, most notably the UNESCO World Heritage site of Shuri Castle, a symbol of Ryukyuan culture and history located in nearby Naha City.