Investment Opportunity: Rare Three-Unit Residential Complex in Okinawa City
This property presents a unique investment opportunity in Okinawa City's Chibana district: a rare three-unit connected residential complex designed for steady rental income. The complex consists of three distinct buildings. Building A is a two-story structure offering an open, spacious feel with a generously sized garden. Buildings B and C are both three-story designs, each featuring an attached garage. The listing photos primarily showcase Building C.
Critical financial details from the agent's notes are as follows: Building A generates a monthly rent of ¥230,000 and an annual rent of ¥2.76 million. Building B also generates ¥230,000 monthly and ¥2.76 million annually. Building C matches this with ¥230,000 monthly and ¥2.76 million annually. This results in a total annual rental income of approximately ¥7.92 million. Additionally, the property benefits from solar power generation, contributing roughly ¥480,000 in annual revenue, though this is subject to variation based on weather conditions. The combined annual gross revenue is approximately ¥8.4 million, yielding a surface yield of about 7.6%. The fixed asset tax for the 2024 fiscal year (Reiwa 6) is ¥521,500.
The property sits on a substantial 862.51 sqm (approximately 260.91 tsubo) plot. The total building area is 633.99 sqm (191.78 tsubo). Constructed in November 2005, it is a reinforced concrete (RC) structure. The layout details note that Building A is a 3LDK, while Buildings B and C are both 3LLDK configurations. The property is currently fully occupied, indicating immediate income potential for a new owner.
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 Athletic Park, a major sports complex that has hosted international events. The closest major tourist attraction is the Okinawa Prefectural Peace Memorial Museum and the Cornerstone of Peace in Itoman, a profoundly significant site commemorating the Battle of Okinawa and dedicated to promoting peace, located within a reasonable driving distance.
