Ocean View Investment Property in Kin Town with Immediate Rental Income
This property presents a rare opportunity to acquire a modern, ocean-view investment asset in Kin Town, Okinawa. Currently leased to the US military for 450,000 yen per month, this property offers immediate and stable rental income upon purchase, with a surface yield of approximately 5.8%. The building, designated as D Block, is a reinforced concrete (RC) structure built in June 2024, making it essentially new. It features a spacious 4LDK layout with a 23.4 sqm living-dining-kitchen area, four Western-style rooms, and a rooftop terrace perfect for barbecues while enjoying panoramic ocean views.
Critical agent notes have been translated and provide essential details: The property is currently under lease, so viewings are not possible. It is a re-buildable property, meaning it can be demolished and reconstructed. The monthly rent of 450,000 yen is inclusive of utilities (water, electricity, gas), garbage collection fees, and internet costs, simplifying management for the owner.
The property boasts a prime location with excellent access to the Kin Interchange and is situated in an area with high demand from US military personnel, promising long-term stable operation. The 239 sqm plot offers an open, ocean-facing location and holds potential for obtaining an inn business license. This flexibility makes it a versatile asset suitable for future development into lodging facilities or minpaku (private lodging) operations, combining resort appeal with solid investment returns.
The surrounding Kin area offers a blend of Okinawan natural beauty and cultural sites. An interesting local fact is that Kin is home to the Kin Blue Cave, a popular snorkeling and diving spot known for its stunningly illuminated underwater cavern. The closest major landmark is the iconic Manzamo, a scenic cliff formation on the coast of nearby Onna Village, renowned for its elephant trunk-like shape and breathtaking sunset views over the East China Sea.
