Investment Opportunity: Five-Unit Apartment Building in Kin, Okinawa

This listing presents a five-unit apartment building for sale in Kin Town, Okinawa Prefecture. The property, built in June 1981, is a reinforced concrete (RC) structure with a total floor area of 224.03 m² situated on a 180.87 m² plot of land. It offers a promising investment opportunity with a projected gross annual rental income of 3,252,000 yen when fully occupied, translating to an estimated yield of 8.1%. The location is highly convenient, situated along National Route 329 and just a one-minute walk from the Kin Elementary School Entrance bus stop.

Critical agent notes have been provided and must be fully disclosed. The remarks state: "※Currently, units 101 and 102 are vacant, so the income calculation is based on an assumed rent. ※The interior photos are of units 101 and 102. ※There is a partial encroachment on the property boundary. ※Repairs are required." These are essential considerations for any potential buyer, indicating immediate repair needs, a boundary issue, and that the advertised income is a projection based on filling the current vacancies.

The building's layout consists of five separate 2LDK units, each featuring two bedrooms, a living room, dining room, and kitchen. The property is located within a nine-minute walk of both Kin Elementary and Junior High Schools, adding to its appeal for tenant families. The area of Kin Town offers a blend of Okinawan countryside and coastal access. An interesting local fact is that Kin is home to part of the large US military installation, Camp Hansen. The closest major tourist attraction is the famous Manzamo scenic lookout in nearby Onna Village, renowned for its dramatic elephant trunk-shaped cliff formations and stunning ocean views.