Investment Opportunity: Owner-Change Rental House in Okinawa City
This property presents a solid investment opportunity as an owner-change rental house located in the Kamaara 1-chome area of Okinawa City. The property consists of a standalone house on a generous plot of land, with a total land area of 167.02 square meters (approximately 50.52 tsubo). The building itself offers a 3DK layout and covers a floor area of 74.38 square meters (22.49 tsubo). It was constructed in 1963, making it 63 years old, and features a reinforced concrete block (RCB) structure. The property is situated on land designated for residential use within a Category I Mid-to-High Rise Residential Zone, with a building-to-land ratio of 60% and a floor area ratio of 200%.
As detailed in the agent's special notes, the annual fixed asset tax for this property is 23,205 yen. This is a critical piece of financial information for any potential investor. The property is currently tenanted, generating an annual rent of 660,000 yen, which translates to a surface yield of 5%. The listed sale price is 13.2 million yen. It is important to note that a portion of the building is unregistered; the registered building area is 56.79 square meters, while the actual area is 74.38 square meters.
The location in Kamaara 1-chome is convenient, with the Kamaara Community Center nearby and the Kamaara bus stop approximately a 6-minute walk away. The property faces north onto a 4-meter-wide road and has no private road maintenance burdens.
The surrounding area of Okinawa City offers a blend of residential comfort and accessibility. An interesting local fact is that Okinawa City was formed from the merger of several towns, including the former Koza, which was profoundly influenced by the nearby U.S. military bases, creating a unique cultural fusion. For tourists and residents alike, a major nearby attraction is the Okinawa Zoo & Museum (Okinawa Kodomo no Kuni, Okinawa Zoo), a popular family destination featuring a wide variety of animals, botanical gardens, and museum exhibits.
