Alpha States Chatan Hills: A 2022-Built Apartment with Panoramic Ocean Views in Okinawa

This 4LDK apartment, located on the third floor of a 14-story reinforced concrete building, offers a unique living opportunity in Chatan, Okinawa. Built in October 2022, the property is situated on a general fixed-term land lease with approximately 47 years remaining. The apartment has a generous floor area of 81.8 square meters (wall center measurement) and a 20.4 square meter balcony.

The property is currently tenanted, generating a monthly rent of 250,000 yen, which provides a gross yield of 5.4%. This makes it an attractive investment, with the future potential to be used as a primary residence or a second home. The balcony offers a view of the East China Sea and the Kerama Islands, making it a prime spot for watching the sunset. The living, dining, and kitchen area spans approximately 20.8 tatami mats and benefits from dual-aspect lighting. Other features include a bathroom, a kitchen, a washroom with a gas dryer, and a toilet. Monthly management fees are 8,700 yen, with repair reserve funds of 5,100 yen. Additional monthly costs include a demolition reserve fund of 3,010 yen and a land rent of 8,600 yen. Parking is available within the premises for a monthly fee ranging from 2,500 to 12,000 yen. The property is located in the town of Chatan, in the Nakagami District of Okinawa Prefecture, an area known for its American Village and coastal scenery. The property is being handled by Tokyu Resort Corporation's Okinawa Center.