Ocean View Residential Building in Yomitan
This is a four-story reinforced concrete building, constructed in September 2019, located in Namihira, Yomitan Village, Nakagami District, Okinawa Prefecture. The property offers a total floor area of 575.94 square meters on a land area of 851.98 square meters. Each of the three floors (second, third, and fourth) features a single residence of approximately 187 square meters, with all rooms offering ocean views. The first floor provides parking space for six cars.
The building is currently leased to U.S. military personnel on each floor. It holds a valid inn business license, allowing for operation as a lodging facility after the current tenants vacate. The property is an owner-change transaction, and the handover date is negotiable.
The structure is reinforced concrete with a flat roof. Utilities include electricity provided by Okinawa Electric Power Company, LP gas with an individual system, and public water supply. Hot water is supplied by a gas water heater, and wastewater is treated by an individual septic tank. The property has a gross yield of approximately 6.1%. This yield is calculated by dividing the total annual rent by the purchase price and does not account for expenses such as registration fees, property taxes, or management fees.