Investment-Grade Apartment Building in Urasoe, Okinawa

This is a fully occupied, 20-unit apartment building located in the Uchima 1-chome district of Urasoe City, Okinawa. The property is offered for sale at a price of 100 million yen and presents a strong investment opportunity with a surface yield of approximately 9.37%. The building, constructed in March 1985 (41 years old), is a robust 4-storey reinforced concrete block (RCB) structure with a total floor area of 777.6m² situated on a 533.76m² plot of land. The land is freehold ownership with no private road maintenance obligations.

The units are configured as 2DK layouts, with renovated rooms featuring a combination of Western-style (6-tatami mat equivalent) and Japanese-style (6-tatami mat) rooms. Pets are not permitted. The property is situated within an urbanization promotion area zoned as Category 1 Medium-to-High-Rise Residential, with a building-to-land ratio of 60% and a floor area ratio of 150%. Convenient access is provided by the "Sawajiri Iriguchi" bus stop, approximately a 4-minute walk away.

Special Notes from the Agent (Translated): The listing includes a critical remark: "We apologize, but introductions to business professionals (brokers/agents) are not possible." This indicates the seller is not seeking further representation from other real estate agencies.

The surrounding Urasoe area offers a blend of residential convenience and access to Okinawa's rich culture. An interesting historical fact is that Urasoe was once the seat of the Ryukyu Kingdom's government before it moved to Shuri. The property is within reasonable proximity to major attractions, including the iconic Shuri Castle, a UNESCO World Heritage site and a symbol of the Ryukyu Kingdom's grandeur, located in nearby Naha City.