Investment Opportunity in Urasoe: Yours Home Urasoe Condominium Building B
This listing presents a unique investment opportunity within the Yours Home Urasoe Condominium, Building B. The property is a 48.97 m² (approximately 14.81 tsubo) unit currently generating rental income. It is important to note that this is an income property; the unit is tenanted and therefore cannot be occupied by the purchaser immediately, and interior viewings are not possible. The current monthly rent is 68,000 yen, offering a potential gross yield of approximately 12%. The asking price is 6.7 million yen. A key feature is that three rooms within the building are available for purchase together, allowing for a consolidated investment strategy.
According to the agent's notes, the building is equipped with an elevator and uses propane gas. The property is located on the 11th floor of an 11-storey, SRC (steel-framed reinforced concrete) structure. The condominium complex has 132 units in total, features a resident manager for security, and has an active management association. Parking is available for an additional monthly fee of 8,250 yen. A notable condition of purchase is a one-time title transfer fee of 330,000 yen. Furthermore, the land is leased, incurring a monthly ground rent of 3,740 yen.
The apartment is situated in the vibrant Minatogawa district of Urasoe City, Okinawa Prefecture. The location offers excellent convenience, with the Minatogawa bus stop just a one-minute walk away. The area is known for its mix of residential calm and commercial activity. An interesting local fact is that the nearby Minatogawa area is historically significant, once serving as a key port and trading post during the Ryukyu Kingdom era. The property is also within a reasonable distance from major Okinawan attractions, such as the iconic Shuri Castle, a reconstructed palace of the Ryukyu Kingdom and a UNESCO World Heritage site, offering a deep dive into the region's unique history and culture.
