Investment Property in Awase, Okinawa City with Existing U.S. Military Lease
This investment property in Awase, Okinawa City presents a compelling opportunity with an existing, stable tenant. The property is a 4LDK house with a total floor area of 121.29m² situated on a 165.04m² plot of land. Built in February 1991, this reinforced concrete (RC) structure is currently under a U.S. military rental contract from November 2025, generating a monthly income of 180,000 yen and an annual income of 2,160,000 yen, resulting in a surface yield of 6.03%.
Critical agent notes provide detailed financial and maintenance information. The fixed asset tax is 101,445 yen per year, with assessed values of 9,242,240 yen for the land and 5,928,617 yen for the building. The property has a recent history of upgrades and maintenance. In 2024 (Reiwa 6), work included interior cleaning, replacement of outlets and lighting, and replacement of toilet and washbasin fixtures. In 2025 (Reiwa 7), further improvements were made including the installation of a washing machine and gas dryer, replacement of tatami mats, installation of a living room door, and the addition of an air conditioning unit.
The neighborhood offers convenient daily amenities. Within a short walk are Max Value Awase store (8 minutes, approx. 500m), Town Plaza Kanehide Hiyagon Market (17 minutes, approx. 1100m), AEON Style Hiyagon (19 minutes, approx. 1300m), and a FamilyMart Awase Bijuru-mae store just 2 minutes away (approx. 150m). The property falls within the school districts for Awase Elementary School (10 minutes, approx. 500m) and Okinawa Higashi Junior High School (17 minutes, approx. 1300m).
The Awase area of Okinawa City is a residential district known for its proximity to both urban conveniences and natural beauty. An interesting local fact is that the nearby Awase Tidal Flat is a designated wildlife protection area, showcasing Okinawa's rich coastal ecosystem. The closest major tourist attraction is the Okinawa Comprehensive Athletic Park, a vast complex featuring stadiums, pools, and sports facilities that hosts major events, located just a short drive away.
