Modern Two-Unit Apartment Building with Sea Views in Kin Town, Okinawa

This recently constructed two-unit apartment building in Kin Town, Okinawa, presents a compelling investment opportunity with its modern design and strategic location. Built in May 2022, the property is a two-story reinforced concrete (RC) structure with a total building area of 225.12 square meters on a 293-square-meter plot. The property is designed as a two-generation household residence and holds the crucial advantage of being approved for US military rental, making it viable for operation as foreigner housing.

According to the agent's special notes, the property consists of two units and is currently vacant. It is actively seeking tenants at the military-registered rental rate of 380,000 yen per room. When fully occupied, the property is projected to yield a 4.8% return on investment. An additional revenue stream is available as there is space for an advertising signboard on the premises. The location is highly accessible, being just a 5-minute drive from the Kin Interchange on the expressway.

The property's prime location directly faces the sea, offering stunning views and making it suitable not only for residential use but also for potential minpaku (private lodging) operations. The layout features separate bath and toilet facilities, catering to modern living standards. The land is designated as residential and falls outside of urban planning zones, offering flexibility.

The area of Kin Town in northern Okinawa is known for its beautiful coastline and proximity to major US military facilities like Camp Hansen. An interesting local fact is that the nearby Kin Blue Cave is a popular snorkeling and diving spot known for its ethereal blue light. The closest major tourist attraction is the famous Manzamo scenic lookout in nearby Onna Village, a vast, wave-cut cliff formation with spectacular ocean views, approximately a 20-minute drive away.