Apartment Building Investment Opportunity in Uruma City, Okinawa
This listing presents a solid investment opportunity in the form of an apartment building located in Miyazato, Uruma City, Okinawa. The property is currently fully occupied, generating a stable annual rental income of 3,228,000 yen, which translates to an attractive gross yield of approximately 7.4%. The asking price for this income-producing asset is 43.8 million yen.
The building itself is a reinforced concrete block (RCB) structure built in January 1977, making it 49 years old. It stands on a generous 330 square meter plot of land, which is designated as residential land under the City Planning Act's Category I Residential Zone. The building area is 311.04 square meters, spread across a layout described as 2DK (two rooms plus dining-kitchen). The property includes private road maintenance responsibility for a 165 square meter portion. The floor-area ratio is 200% with a building coverage ratio of 60%. The land rights are freehold (ownership).
According to the agent's notes, the property is categorized as an investment income property. A key feature is that it comes with a rent guarantee. Pets are not permitted. The special notes (備考) field is listed as blank, indicating no additional remarks from the agent at this time. The transaction type is exclusive agency.
The property is situated in Uruma City, a municipality on Okinawa's main island known for its scenic coastline and the iconic Kaichu Doro, a causeway road that seems to float on the ocean. The area offers a blend of residential calm and access to Okinawa's rich culture. A major landmark not far from Uruma is the Katsuren Castle Ruins, a UNESCO World Heritage site that offers breathtaking views and a deep dive into the history of the Ryukyu Kingdom.
