Presence Lodge Makiminato: A Modern Investment Opportunity in Urasoe City
This property presents a compelling investment opportunity within the modern "Presence Lodge Makiminato" condominium complex in Urasoe City, Okinawa. Currently tenanted, the unit generates a monthly rent of 225,000 yen, translating to an annual income of 2.7 million yen and a surface yield of 6%. The owner is offering a special adjusted price of 41.8 million yen for buyers who can settle by the end of March, down from the original 44.8 million yen. Upon the tenant's departure, the apartment is perfectly suited for personal residential use.
The apartment itself is a spacious 2LDK layout with a total private area of 74.7 square meters (approximately 22.59 tsubo). Built in February 2019, it is a well-maintained, 7-year-old property located on the 11th floor of a 19-story reinforced concrete (RC) building. The unit is equipped with air conditioning, furniture, and appliances, making it move-in ready. Key features include a south-facing orientation, excellent sunlight, and good views. The layout offers a large combined living, dining, and kitchen area over 15 tatami mats in size, with all private rooms exceeding 6 tatami mats. The property includes a 16.6 square meter balcony. According to the agent's notes, the unit features indoor laundry machine space and is configured with all Western-style rooms.
Building amenities are comprehensive, featuring an elevator, parcel delivery boxes, an auto-lock security entrance, intercom, security cameras, and a contract with a security company. The unit comes with a parking space available for 5,000 yen per month. The condominium is pet-friendly, subject to the management regulations. Important documentation, including a completion inspection certificate and a defect warranty from a government-designated organization, is available.
The location in Makiminato 2-chome is highly convenient, with the Makiminato bus stop just a one-minute walk away. The area of Urasoe offers a blend of residential comfort and accessibility. 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 also within a reasonable distance from major Okinawan attractions, such as the stunning coastline of Sunset Beach and the historical Shuri Castle, a UNESCO World Heritage site.
