Investment Apartment Building in Uruma City, Okinawa

This investment property is a recently constructed apartment building located in the Akamichi area of Uruma City, Okinawa. The building, built in January 2023, is currently fully leased and operational with all 11 units under a single, consolidated lease agreement. It offers a surface yield of 5.3% and generates an annual rental income of 6,780,000 yen. The property boasts a highly convenient location, with a convenience store within a one-minute walk.

The building is a reinforced concrete (RC) structure with a total floor area of 230.31 square meters (approximately 69.67 tsubo) situated on a 199.66 square meter (approximately 60.39 tsubo) plot of residential land. The floor area ratio is 300% with an 80% building coverage ratio. The property features a 1K layout for its units. According to the agent's notes on equipment and conditions, this is an income property with separate bath and toilet facilities, and each unit is equipped with air conditioning. The "Akamichi Crossroads" bus stop is approximately a two-minute walk away, providing public transport access.

The Uruma City area, formed from the merger of several towns, is known for its scenic coastline and the iconic Kaichu Doro, a causeway road that connects several islands and offers stunning ocean views. A major nearby landmark is the Katsuren Castle Ruins, a UNESCO World Heritage site as part of the "Gusuku Sites and Related Properties of the Kingdom of Ryukyu," offering a deep dive into Okinawa's unique Ryukyuan history and panoramic views of the East China Sea.