Large-Scale Investment Apartment Building in Urasoe, Okinawa
This is a substantial investment opportunity: a 6-story, 32-unit family-type apartment building constructed just 12 years ago, situated on a generous 2,151.22㎡ (approximately 650 tsubo) plot of land in Urasoe City's Uchima district. The property is listed for sale at 750 million yen and represents a total asset value exceeding 900 million yen for the land and building combined. At full occupancy, the annual rental income is projected to be 33.06 million yen, yielding a surface cap rate of 4.4%. The agent emphasizes that this is a stable management property with excellent access to Naha's new urban center (Shintoshin), and advises potential investors to consider not just the yield but the underlying real estate value.
Translated agent notes on equipment and features include: separate bath and toilet, air conditioning included, auto-lock security system, elevator, and suitability for families. Pets are not permitted. The building is a reinforced concrete (RC) structure within an urbanization promotion area zoned as Category 1 Medium-to-High Rise Residential. The transaction method is exclusive agency.
The property offers ample parking with space for 60-62 vehicles across 60 designated stalls. The floor plan is a composite of 2DK and 2LDK units. The land rights are freehold (ownership) with no private road maintenance burden. The floor area ratio is 60% and the building coverage ratio is 150%.
