Investment Opportunity in Ginowan City: A Two-Story Property with Dual-Use Potential

This unique property in Ginowan City, Okinawa, presents a compelling opportunity for investors or families seeking a versatile asset. Located in the Akamichi 1-chome area, the building offers a substantial land size of 175.22 square meters and a total floor area of 148.27 square meters. Constructed in March 1976 with a robust reinforced concrete block (RCB) structure, the property is situated within an urbanization promotion area zoned for low-rise residential use.

Critical information from the agent's notes must be highlighted. The current status is that the first floor is owner-occupied, while the second floor is tenanted. The layout is defined as a 4LDK on the first floor and a 3LDK on the second floor. Important conditions for the sale include that the buyer is responsible for the costs associated with the ownership transfer registration and mortgage registration. The property will be delivered "as-is" with a disclaimer for non-conformity to the contract. Furthermore, there is no formal lease agreement in place with the tenant on the second floor.

The property's configuration makes it ideal for multiple strategies. It can function as a two-generation family home, provide immediate rental income from the second floor, or be converted into a full rental building once the first-floor occupant vacates. The area is well-connected, with the Akamichi bus stop approximately a 3-minute walk away, and is noted as being near universities and suitable for families.

The surrounding Ginowan area offers a blend of urban convenience and Okinawan culture. An interesting local fact is that Ginowan is home to the Okinawa Convention Center, a major venue for international events and exhibitions. For recreation and tourism, residents are within a reasonable distance from the stunning coastline and popular attractions like the Okinawa Prefectural Peace Memorial Museum, a significant site reflecting on the region's history.