Investment Apartment Building in Urasoe, Okinawa
This is a concrete apartment building for sale in Urasoe City, Okinawa, offering a solid investment opportunity. The property is priced at 53.8 million yen and sits on a land area of 231.12 square meters (approximately 69.91 tsubo). The total building floor area is 352.91 square meters (106.75 tsubo). According to the agent's notes, when fully occupied, the property can generate a monthly income of 345,000 yen and an annual income of 4,140,000 yen, resulting in a surface yield of 7.69%.
A critical point from the agent's remarks must be noted: the staircase section is attached to the neighboring building. This is an important structural consideration for potential buyers.
The building was constructed in March 1969, making it 57 years old, and features a reinforced concrete block (RCB) structure. It is located in a City Planning Area designated as an urbanization promotion area, with a First Category Medium-to-High Rise Residential District zoning. The property is conveniently situated near National Route 58 and Pipeline Road, providing excellent access to the Naha and Ginowan areas. The neighborhood is well-serviced with supermarkets, convenience stores, and restaurants, creating a comfortable living environment. The closest bus stop, "Kouminkan Iriguchi," is about a 5-minute walk away.
The area of Urasoe is rich in history, once serving as the seat of the Ryukyu Kingdom's government before it moved to Shuri. A major nearby landmark is the Okinawa Prefectural Peace Memorial Museum, located a short drive away in Itoman. This profound site commemorates the Battle of Okinawa and is dedicated to promoting peace.
