Investment Opportunity: Two-Building Apartment Complex in Urasoe, Okinawa

This listing presents a substantial investment property located in Urasoe City, Okinawa. The offering consists of two adjacent buildings situated on a generous 325.4 tsubo (approximately 1,075.72 square meters) plot of land along Gakuen-dori Avenue. The buildings have a combined total floor area of 827.44 square meters (250.3 tsubo). Constructed in January 1984 with a reinforced concrete block (RCB) structure, the complex is a solid, long-standing asset in a designated urbanization area.

Critical agent notes provide essential financial details. The property is located along Gakuen-dori Avenue on a 325.4 tsubo lot (two adjacent buildings). It features parking for 20 vehicles (total for both buildings). When fully occupied, the estimated annual rental income is presented in two scenarios: ① 5,658,000 yen (from 3 commercial/office units and 6 residential 2DK units) and ② 4,923,600 yen (from 4 commercial/office units and 1 residential unit, noting that the residential portion's rent is not included in this figure). This information is vital for assessing the property's income potential.

The property layout includes a mix of Western-style and Japanese-style rooms, configured as 2DK units. The land is designated as residential, with a building-to-land ratio of 60% and a floor area ratio of 200%. Access is convenient, with the Iro Nichome bus stop approximately a 7-minute walk away and the Yui Rail Urasoe-Maeda Station about a 30-minute walk.

The surrounding area of Urasoe offers a blend of residential comfort and accessibility to central Okinawa. An interesting historical fact is that Urasoe was once the capital of the Ryukyu Kingdom before it moved to Shuri. The property is within a reasonable distance from major Okinawan attractions, including the iconic Shuri Castle, a reconstructed Ryukyuan palace and a UNESCO World Heritage Site, offering a deep dive into the region's unique history and culture.