Investment Opportunity: Income-Generating Apartment Building in Uruma City
This listing presents a solid investment opportunity: a three-story apartment building for sale in the quiet residential neighborhood of Ishikawa Higashiyamamoto-cho, Uruma City, Okinawa. The property offers a land and building area of 237.48 square meters (approximately 71.83 tsubo). Built in August 1987, the structure is a reinforced concrete block (RCB) construction, ensuring durability.
The key feature of this property is its established income stream. It generates an annual revenue of 2,520,000 yen, which translates to a surface yield of 6.7%. This makes it an affordable and appealing investment property for those looking to enter the Okinawan real estate market or expand their portfolio. The location is conveniently close to the Ishikawa Interchange, providing excellent access to major roads.
The area of Uruma City, formed from the merger of several towns, is known for its blend of residential comfort and natural beauty. An interesting fact is that Uruma City is home to the Mid-Sea Road, a series of bridges connecting several islands, offering some of Okinawa's most breathtaking coastal drives. The closest major tourist attraction is the Katsuren Castle Ruins, a UNESCO World Heritage site that offers panoramic views and a deep dive into the Ryukyu Kingdom's history.
