Investment Opportunity in Okinawa City with Existing US Military Lease
This property presents a compelling investment opportunity in the vibrant area of Awase, Okinawa City. It is a reinforced concrete (RC) three-story building currently under a lucrative US military rental contract, generating a monthly income of 180,000 yen since November 2025. This translates to an annual income of 2,160,000 yen and a surface yield of 6.03%. The property is being sold as an owner-change opportunity, offering immediate rental income.
The agent's special notes provide essential details: The property can accommodate parking for three cars. Conveniently, there are toilet and bathroom facilities on both the 1st and 2nd floors. From the balcony, partial sea views are available, adding to the appeal. The location is exceptionally convenient for daily life, with a FamilyMart convenience store approximately a 2-minute walk away, Domino's Pizza about a 3-minute walk, a Max Value supermarket within an 8-minute walk, and a Drug Eleven store a 7-minute walk from the property.
Recent renovation history is extensive. In 2024 (Reiwa 6), the interior received a deep cleaning, outlets and lighting were replaced, and toilet and washbasin crosspieces were renewed. In 2025 (Reiwa 7), further upgrades included replacing tatami mat surfaces, installing a living room door, setting up a washing machine and gas dryer, and installing an air conditioning unit.
The property itself is a 35-year-old RC structure built in February 1991, situated on a 165.04 sqm plot. The layout is a spacious 4LDK, comprising four bedrooms, a living room, dining room, and kitchen. The living space includes Western-style rooms of 6, 9, and 16 tatami mats in size, with the 16-mat room featuring a loft, along with a Japanese-style room of 6 mats. Public transport access is provided by the "Mitsuro-mae" bus stop, roughly a 2-minute walk away.
The Awase district of Okinawa City offers a blend of residential comfort and coastal proximity. An interesting local fact is that the nearby Awase tidal flat is one of Okinawa's most important remaining mangrove ecosystems, supporting diverse wildlife. The area is also conveniently located for access to major attractions, with the popular Okinawa Comprehensive Athletic Park, a vast complex with sports facilities and open spaces, being just a short drive away.
