Four-Story Investment Apartment Building Near Urazoe High School

This four-story apartment building presents a compelling investment opportunity in the popular residential area of Urazoe City, Okinawa. The property, built in December 1989, is a reinforced concrete (RC) structure with a total floor area of 475.86 square meters. It sits on a 267.38 square meter plot of land and offers a total of 17 units with layouts ranging from 1K to 2DK, catering to students, singles, and families. When fully occupied, the building generates a substantial annual income of 8,736,000 yen, translating to a surface yield of 6.33%.

Critical agent notes have been translated and incorporated. The property's equipment and facilities include propane gas and security cameras. Special remarks detail the parking situation: there are 14 parking spaces (10 for light vehicles, 3 for compact cars, and 1 bicycle parking area). The building's exterior received a waterproof coating renovation in 2016 (Heisei 28). Its location is exceptionally convenient, being just a 2-minute walk (93 meters) from Urazoe High School, a 9-minute walk (650 meters) from Uchima Elementary School, and a 12-minute walk (850 meters) from Kamimori Junior High School. Daily necessities are within easy reach, with a FamilyMart Urazoe City Uchima 5-chome store a 3-minute walk (220 meters) away, a Big One Naha store a 9-minute walk (600 meters) away, and a MaxValu Shintoshin Mekaru store a 5-minute drive (1.3 km) away.

The listing agent, Life Corporation, emphasizes their comprehensive service covering real estate sales, planning proposals, construction, leasing, and management. They state their business philosophy is to serve people with sincerity, responsibility, and contribution, offering support based on extensive experience and detailed local information.