Investment Apartment Building in Urasoe, Okinawa
This investment property is an apartment building located in the Uchima district of Urasoe City, Okinawa. The building offers a total floor area of 475.86 m² (143.94 tsubo) spread across 17 separate units. The layouts range from 1K to 2DK, providing flexibility for various tenant needs. The land area is a substantial 267.38 m² (80.88 tsubo) with no private road maintenance burden, and ownership rights are held.
The structure is a reinforced concrete (RC) building constructed in December 1989, making it approximately 36 years old. It is situated in an Urbanization Area with a Category I Mid-to-High-Rise Residential District zoning, allowing for a building coverage ratio of 60% and a floor area ratio of 150%. Access is excellent, with the Uchima Community Center bus stop just a 2-minute walk away. The property is noted for its proximity to Urasoe High School, making it a convenient and livable area with good access.
The property is presented as a prime investment opportunity. With full occupancy, the projected annual income is 8,736,000 yen, yielding a surface return of 6.33%. The asking price is 138,000,000 yen. The agent's remarks encourage interested parties to feel free to inquire.
The Urasoe area is centrally located on Okinawa's main island, offering a blend of residential comfort and accessibility. An interesting historical fact is that Urasoe was once the seat of the Ryukyu Kingdom before the capital moved to Shuri. The closest major tourist attraction is the Okinawa Prefectural Peace Memorial Museum and the Cornerstone of Peace in Itoman City, a short drive south, which is a profound site dedicated to the victims of the Battle of Okinawa.
