Investment-Grade Rental Apartment Building in Uruma, Okinawa
This is a four-story, reinforced concrete (RC construction) apartment building located in Kankadan, Uruma City, Okinawa Prefecture. Designed as a rental property for foreign residents, the building features an auto-lock security system and is divided into four separate household units, each occupying an entire floor. The property is currently fully tenanted.
The building was constructed in 2019, making it relatively new. Each unit is a 3LDK layout with a system kitchen and uses propane gas. The property includes eight parking spaces. Access is convenient via public transport, with the Gushikawa Post Office bus stop approximately a 9-minute walk away. The local elementary school, Kambaru, is a 14-minute walk, and the junior high school, Gushikawa, is a 19-minute walk.
Critical financial details from the agent notes are provided. The estimated annual rental income at full occupancy is 10,680,000 yen (890,000 yen per month x 12 months for 4 households). This is supplemented by approximately 500,000 yen in variable annual income from solar power generation, bringing the total projected annual income to 11,180,000 yen. Based on the asking price, this translates to a surface cap rate of 5.88%. The property is listed for sale at 190,000,000 yen, with a monthly management fee of 26,950 yen per unit. The handover date is negotiable.
