Investment Opportunity: 15-Unit Apartment Building with Ground Floor Retail in Urasoe, Okinawa
This property presents a compelling investment opportunity in the family-friendly neighborhood of Urasoe, Okinawa. The building is a 15-unit apartment complex with an additional ground-floor retail space, constructed in January 1987. The total building area is a substantial 1,789.83 square meters (541.42 tsubo) situated on a land plot of 750.47 square meters (227.01 tsubo). The structure is a reinforced concrete block (RCB) construction, located within an urbanization promotion area zoned as Category 1 Medium-to-High-Rise Residential.
Critical investment details from the agent's notes are as follows: When fully occupied, the projected annual rental income is approximately 13 million yen, offering a gross yield of 6.50%. Currently, there are two vacant units within the building. The property is ideally situated for families, being just 130 meters from Minatogawa Junior High School and 250 meters from Minatogawa Elementary School.
