Affordable Income-Generating Apartment Building in Uruma, Okinawa

This apartment building, located in Uruma City's Kichu 3-chome, presents a solid investment opportunity with a calculated gross yield of 6.6%. The property is currently fully occupied, providing immediate rental income. According to the agent's special notes, the monthly rental income totals 211,000 yen (from 5 households combined), resulting in an annual income of 2,532,000 yen. Additional ongoing maintenance costs include fixed asset tax and apartment management fees. The property is under the management of the listing company, Seiwa Corporation.

The building itself is a reinforced concrete (RC) structure built in July 1987, making it 38 years old. It sits on a land area of 186.45 square meters with a total building floor area of 226.8 square meters. The property is located in a Category I Low-Rise Exclusive Residential Zone under the city planning act, with a building-to-land ratio of 50% and a floor area ratio of 100%. The site has road frontage to the north, south, and west. Pets are not permitted in the apartments.

The area of Uruma City, formed from the merger of several towns, is known for its beautiful coastline and bridges connecting the islands of the Mid-Sea Road. A major nearby landmark is the Katsuren Peninsula, which is home to the historic Katsuren Castle Ruins, a UNESCO World Heritage site as part of the 'Gusuku Sites and Related Properties of the Kingdom of Ryukyu'. This area offers a blend of historical significance and scenic ocean views, making it a unique part of Okinawa.