Investment-Grade Apartment Building in Uruma, Okinawa
This is a modern, four-unit apartment building located in the Kankadan area of Uruma City, Okinawa. Constructed in August 2019, the property is a reinforced concrete (RC) structure with a total floor area of 490.04 square meters (approximately 148.24 tsubo) on a generous land plot of 569.74 square meters (approximately 172.35 tsubo). The building features an auto-lock security system, ensuring privacy and safety for its residents. Each of the four floors contains a single, spacious 3LDK apartment unit, with each unit offering approximately 35 tsubo of living space. Every unit includes individual closets, two separate toilet/washroom/dressing areas, one bathroom, one shower room, and a dedicated laundry room. The property is pet-friendly and provides two dedicated parking spaces per household.
As detailed in the agent's special notes, this is a fully occupied investment property generating significant rental income. The monthly rents are: 1st floor: 205,000 yen; 2nd floor: 225,000 yen; 3rd floor: 230,000 yen; 4th floor: 230,000 yen. In addition to rental income, the property benefits from solar power generation revenue, which is approximately 500,000 yen per year (subject to fluctuation based on weather conditions). This contributes to a total estimated annual revenue of 11,180,000 yen, offering a surface yield of approximately 5.9%. The property is managed by a professional company and is marketed primarily towards foreign residents.
The property is situated in Uruma City, a key municipality on Okinawa's main island formed from the merger of several towns. The area offers a blend of residential comfort and access to Okinawa's rich culture and natural beauty. An interesting historical fact is that Uruma City encompasses parts of the former Katsuren Peninsula, which was home to the powerful Katsuren Castle, a UNESCO World Heritage site as part of the Gusuku Sites and Related Properties of the Kingdom of Ryukyu. The closest major tourist attraction is the iconic Katsuren Castle ruins, which offer panoramic views of the Pacific Ocean and the East China Sea, providing a direct link to the region's fascinating Ryukyuan history.
