Two-Story Investment Property with Ocean Views in Uruma, Okinawa
This unique two-story property in Uruma City's Gushikawa district presents an excellent investment opportunity with immediate rental income. The current situation is that the first floor is owner-occupied, while the second floor is already tenanted, generating a monthly rent of 78,000 yen. Notably, part of the land is leased. There are plans to rent out the first floor for 95,000 yen per month in the future. The property offers a gross yield of approximately 7.98%.
The building itself is a reinforced concrete block (RCB) structure built in December 1975, spanning two storeys. It sits on a 240.51 sqm plot of land zoned for residential use. The total building area is 157.5 sqm. The layout is versatile: the owner-occupied section is a 3LDK, while the tenanted second floor is configured as a 5LDK. A key feature is the property's location, which affords views of the ocean from inside the house.
The listing agent, House Do Okinawa City Misato, emphasizes their customer-focused approach. They state: "We sincerely listen to our clients' requests, understand the essence, and do our utmost to provide the information clients really need more quickly, abundantly, and accurately. At House Do Okinawa City Misato, we strive to create a store where you can consult about any minor housing matter and search for a home with excitement. We have a wealth of property information from around Okinawa City. We do not engage in persistent sales. It's OK just to look or just to ask. Please feel free to contact us! We also have a parking lot, so please feel free to visit by car. There is also a kids' space safe for children!! Entrust your 'home search' or 'sale' to the community-based real estate agency strong in [Okinawa City] – 'House Do Okinawa City Misato'! All our staff sincerely look forward to meeting you."
The property is conveniently located within a 2-minute walk from the Gushikawa bus stop. The surrounding area of Uruma is known for its beautiful coastline and relaxed island lifestyle. An interesting historical fact is that the city was formed in 2005 through the merger of four towns, symbolizing unity. The closest major tourist attraction is the iconic Katsuren Castle, a UNESCO World Heritage site with breathtaking views of the East China Sea.
