Ocean View Investment Apartment in Chatan's Mihama District

This property presents a unique investment opportunity in the highly sought-after Mihama 3-chome area of Chatan Town, Okinawa. It is a 10-story reinforced concrete condominium building, with this particular unit located on the 7th floor. The apartment offers a spacious 2LDK layout with a total floor area of 61.8 square meters (approximately 18.69 tsubo). The unit is currently tenant-occupied, generating a steady monthly rental income of 185,000 JPY, which translates to an annual revenue of 2,220,000 JPY and a gross yield of 5.05%. Due to the existing tenancy, interior viewings are not possible at this time.

The property listing includes critical agent notes that detail the financials. The monthly fees include a building repair reserve fund of 700 JPY, a separate block repair reserve fund of 8,400 JPY, a management fee of 6,000 JPY, and a parking fee of 8,000 JPY for two tandem parking spaces. The land area for the entire condominium complex is a substantial 2,348.53 square meters. The building was constructed in April 2012, making it approximately 13 years old. The unit features separate bath and toilet facilities, is equipped with air conditioning, and the building has an elevator.

The location is a major highlight. The apartment boasts a prized ocean view, a signature feature of Okinawa, along with attractive night vistas. It is within walking distance of the popular American Village tourist destination, renowned for its shopping, dining, and entertainment. The famous Miyagi Coast, a popular spot for surfing and sunset viewing, is also within easy walking distance. The immediate neighborhood is well-serviced with stylish cafes, numerous restaurants, a large supermarket, and a FamilyMart convenience store located right next to the building, ensuring excellent daily convenience.