Investment Opportunity: Fully Occupied Duplex in Okinawa City
This property presents a compelling investment opportunity in Okinawa City's Chibana district. It is a two-unit duplex building, commonly referred to as a "BIG" type, known for its spacious first-floor garage and storage area. Currently fully occupied with tenants, the property generates a steady annual rental income of 4.38 million yen. The monthly rent is 365,000 yen, split as 185,000 yen and 180,000 yen for the two connected units. The building is eight years old, constructed in July 2017, and is a three-story reinforced concrete (RC) structure.
Critical agent notes provide essential financial and legal details. The seller is a taxable business entity, meaning consumption tax is included in the building price. The total property price is 77.9 million yen (including tax), which breaks down to a building price of 57,708,000 yen (including 5,246,182 yen in consumption tax) and a land price of 19,192,000 yen. This property comes with land ownership rights, which typically makes it easier to secure bank financing compared to leasehold properties. There is no need for a 1 million yen title transfer fee upon handover, and there are no concerns about leasehold fee increases. Ongoing expenses include a rental management fee of 15,675 yen per month (tax-included, for both households), an environmental maintenance fee of 3,000 yen per month, and an annual fixed asset tax of 266,200 yen (Reiwa 6 fiscal year). The total estimated annual expenses are under investigation.
The property is located in a developed subdivision area where some plots have land ownership rights and others have fixed-term leasehold rights (requiring the land to be returned as vacant land upon expiration). This particular unit is a land ownership property. The layout for each unit is 2LDK, with Western-style rooms and a combined living, dining, and kitchen area. The total building area is 277.38 square meters, situated on a 219.12 square meter plot of land.
The Chibana area of Okinawa City offers a blend of residential calm and accessibility. An interesting local fact is that the nearby Okinawa City is home to the Okinawa Municipal Baseball Stadium, a frequent venue for professional baseball spring training camps. The closest major tourist attraction is the Okinawa Zoo & Museum (Omoro Park), a family-friendly destination featuring diverse wildlife, botanical gardens, and cultural exhibits, located just a short drive away.
