Investment Opportunity in Urasoe: Yuasa Heim Urasoe Manshon A Building
This listing presents a unique investment opportunity within the Yuasa Heim Urasoe Manshon A Building, a well-established condominium complex in the vibrant city of Urasoe, Okinawa. The property is a revenue-generating unit, currently leased out at a monthly rent of 65,000 yen, offering a potential gross yield of approximately 12%. It is important to note that as the unit is tenanted, it cannot be occupied immediately and interior viewings are not possible. This makes it a pure investment purchase for those seeking stable rental income.
Translated from the agent's Japanese notes, the building's equipment and facilities include an elevator and propane gas. The property is part of an 11-story Steel Reinforced Concrete (SRC) structure with a total of 121 units and a functioning management association. The specific unit is located on the 4th floor. Key financial notes include a required name transfer fee of 330,000 yen upon purchase and a monthly ground lease payment of 3,570 yen, as the land rights are leasehold. The monthly fees consist of a 7,600 yen management fee and a 3,000 yen repair reserve fund. Parking is available for one vehicle at an additional cost of 8,250 yen per month.
The apartment itself offers a practical living space of 48.79 square meters (approximately 14.75 tsubo). Built in March 1975, the building has stood for over five decades. The location is highly convenient, with the "Minatogawa" bus stop just a 2-minute walk away, providing easy access to the wider Okinawa prefecture. The property is situated in the Minatogawa 2-chome district of Urasoe City.
The surrounding area of Urasoe is a dynamic mix of residential comfort and urban convenience. An interesting local fact is that Urasoe was once the seat of the Ryukyu Kingdom before the capital moved to Shuri in Naha. For recreation and tourism, residents and visitors are within a short drive of the stunning coastline and the famous American Village in nearby Chatan, a popular shopping and entertainment district with a unique cultural blend, offering beautiful sunset views over the East China Sea.
