Investment Property with Existing Tenant in Kin Town, Okinawa
This property in the Igei area of Kin Town, Okinawa, presents a compelling investment opportunity. The key feature is that it is currently tenanted, generating a stable monthly rental income of ¥210,000, which translates to an annual income of ¥2,520,000. The property itself is a relatively new build, constructed in April 2018 (approximately 7 years old), and features a reinforced concrete (RC) structure with a total building area of 132.24 m² (40 tsubo). The land plot is a generous 273.03 m² (82.59 tsubo).
Critical agent notes provide essential details: The property is equipped with tap water, a septic tank, and propane gas. The road frontage is approximately 15.6m on the southeast side and 15.5m on the northeast side, with road widths of about 5m on both sides. There is a shared road ownership portion of 997 m² / 301.59 tsubo (a 1/6 share). All costs associated with the transfer of ownership are to be borne by the buyer. The location offers excellent accessibility, being only about a 4-minute drive to the Kin Interchange on the Okinawa Expressway and about a 1-minute drive to National Route 329.
The area of Kin Town in northern Okinawa is known for its lush, green landscapes and proximity to both mountains and the coast. An interesting local fact is that Kin is home to the Kin Blue Cave, a popular snorkeling and diving spot known for its stunning, luminous blue water illuminated by sunlight. The closest major landmark and tourist attraction is the famous Manzamo, a scenic cliff formation on the coast of nearby Onna Village, offering breathtaking views of the East China Sea, which is approximately a 20-minute drive away.
