Investment Apartment Building in Uruma, Okinawa

This is a well-maintained investment apartment building located in the Ishikawa Higashiyamamoto-cho 1-chome area of Uruma City, Okinawa. Constructed in January 2016, the property is just 10 years old, offering modern construction and minimal immediate maintenance concerns. The building is a reinforced concrete (RC) structure, ensuring durability. It sits on a land plot of 139.87 square meters with a total building floor area of 120.9 square meters.

The property is configured as an income-generating asset with six separate 1R (one-room) studio apartments. It includes a generous provision of six dedicated parking spaces for tenants, a significant advantage in urban areas. A critical note from the agent's remarks, which must be included, states: '1R×6 rooms, parking for 6 cars, fixed asset tax for Reiwa 7 (2025) is 142,900 yen.' This provides clear insight into the unit configuration and an important annual cost for a prospective buyer.

The location is highly convenient, situated near the Ishikawa Interchange, providing excellent access to major roads. The surrounding area is well-developed with commercial facilities, creating a solid living environment for tenants and contributing to the property's appeal. The calculated gross yield is an attractive 4.88%, with annual income stated at 2.64 million yen.

The area of Uruma City is a vibrant part of central Okinawa, known for its mix of residential comfort and accessibility. An interesting fact is that parts of Uruma are built on land connecting several former islands via causeways, creating a unique coastal landscape. The closest major tourist attraction is the iconic Katsuren Castle, a UNESCO World Heritage site with breathtaking views of the East China Sea, located just a short drive away.