Investment Opportunity: 16-Unit Apartment Building with Rooftop Solar Power in Uruma, Okinawa
This listing presents a substantial investment property: a 16-unit apartment building located in the Ishikawa Akasaki 1-chome area of Uruma City, Okinawa Prefecture. The property sits on a generous land plot of 728.82 square meters (approximately 220.46 tsubo) and features a total building floor area of 804.91 square meters (243.48 tsubo). The structure is a reinforced concrete (RC) construction, ensuring durability.
Critical investment details, as provided in the agent's notes, are translated as follows: Special Notes/Remarks: 16-unit apartment building, rooftop power sales equipment installed, surface yield approximately 6.5%, 33 parking spaces, two-sided road access. This information is paramount. The property includes a rooftop solar power generation system capable of selling electricity back to the grid, contributing to its income stream. With 33 dedicated parking spaces and access from two sides of the road, the building offers excellent convenience for tenants and operational ease. The indicated surface yield of approximately 6.5% presents a compelling financial proposition for investors seeking cash-flow real estate in Okinawa.
The property is situated within an Urbanization Promotion Area zoned as Category 1 Residential, confirming its established residential character. The building coverage ratio is 60% with a floor area ratio of 200%. The land rights are freehold (ownership).
The area of Uruma City, formed from the merger of several towns, is centrally located on Okinawa's main island, offering a blend of residential comfort and accessibility. An interesting historical fact is that the nearby Ishikawa area was once home to a major U.S. military base, Camp Kuwae, which has since been largely returned and redeveloped, transforming the landscape. The property is within a reasonable distance from major Okinawan tourist attractions, including the iconic Katsuren Castle, a UNESCO World Heritage site with breathtaking views of the East China Sea.
