Investment Apartment Building in Urasoe City, Okinawa
This apartment building, located in the Shiroma 3-chome area of Urasoe City, Okinawa, presents a compelling investment opportunity. The property is currently fully occupied, generating a stable annual income of 4,728,000 yen when at full capacity. This translates to an attractive high-yield return of approximately 7%. The rents are set at a reasonable level, contributing to the property's consistent occupancy and reliable income stream for the owner. The selling agent has noted a willingness to negotiate with the owner on behalf of potential buyers regarding any specific requests.
The building itself is a reinforced concrete (RC) structure built in March 1990, making it 36 years old. It sits on a generous land plot of 392.89 square meters (approximately 118.84 tsubo) with a total building area of 428.78 square meters (about 129.7 tsubo). The property is situated within an Urbanization Promotion Area zoned as Category I Residential. Key financial details include a fixed asset tax for the 2025 fiscal year (Reiwa 7) amounting to 344,779 yen.
The property is located in Urasoe City, a central municipality on Okinawa Island known for its residential neighborhoods and commercial development. An interesting fact about the area is its historical significance as the seat of the Ryukyu Kingdom's government before it moved to Shuri. The closest major tourist attraction is the iconic Okinawa Prefectural Peace Memorial Museum and Park in nearby Itoman City, a profound site dedicated to reflecting on the history of the Battle of Okinawa and promoting peace.
