Investment Opportunity: Fully Occupied Apartment Building in Urasoe, Okinawa
This listing presents a compelling investment property: a fully occupied apartment building in Urasoe City's Shiroma district. The building, constructed in March 1990, is a reinforced concrete (RC) structure with a total floor area of 428.78 square meters situated on a 392.89 square meter land plot. The sale includes two consolidated land parcels. The property is currently at full occupancy, generating an estimated annual income of approximately 4,728,000 yen with a surface yield of about 7%. The building comprises 7 units and includes parking for 6 vehicles. The fixed asset tax for the R7 fiscal year was 344,779 yen.
The location offers excellent convenience and accessibility. It is well-connected to major roads like National Route 58 and the Pipeline road. Daily necessities and services are within easy reach: a FamilyMart convenience store is just a 2-minute walk (approx. 110m) away, and the Okinawa Bank Ganjako Branch is a 7-minute walk (approx. 400m). For families, the area is served by several educational institutions: Joy Joy Nursery School is a 6-minute walk (approx. 350m), Uragusuku Elementary School is a 10-minute walk (approx. 600m), Nakanishi Junior High School is a 10-minute walk (approx. 650m), and Urasoe Commercial High School is an 18-minute walk (approx. 1.2km). Recreational space is provided by Asagao Park, a 5-minute walk (approx. 260m) away. Healthcare access is available at Berkeley Internal Medicine, a 6-minute drive (approx. 1.3km). The Urasoe Ryubo community facility is also a 10-minute walk (approx. 650m) from the property.
The surrounding Urasoe area is rich in history and culture. An interesting local fact is that Urasoe was once the seat of the Ryukyu Kingdom's government before it moved to Shuri in Naha. The city is home to the significant historical site of Urasoe Castle (Urasoe Gusuku), the ruins of a royal castle that offer panoramic views and a deep connection to Okinawa's past. This landmark, a short drive from the property, provides a serene escape and is a testament to the region's heritage.
