OCEANS7: Ocean View Investment Condominium in Okinawa City
This property, OCEANS7, is a renovated 3LDK condominium located in the Awase area of Okinawa City, Okinawa Prefecture. The building is an 8-story reinforced concrete (RC) structure, and this particular unit is on the 3rd floor. The spacious interior offers approximately 114.79 square meters (about 34.7 tsubo) of living space, featuring a generous 25-tatami mat living, dining, and kitchen area. The unit underwent a full renovation in 2022 and boasts a highly desirable ocean view.
Key equipment and structural details include a reinforced concrete (RC) construction. A critical note from the agent states that the property is currently leased to the U.S. military for a monthly rent of 210,000 yen, generating a surface yield of approximately 6.5%. This makes it an attractive turnkey investment opportunity managed by the listing company. The property includes two on-site parking spaces available for 3,000 yen per month. Monthly fees consist of 8,000 yen for management and 4,000 yen for repair reserve funds.
The Awase district offers a blend of coastal living and local culture. An interesting local fact is that the nearby Awase Fishing Port is historically significant for its unique 'hira' fishing method. The area provides convenient access to daily necessities and is just a short drive from major attractions like the Okinawa Comprehensive Athletic Park and the bustling entertainment district of Chatan, home to the popular Mihama American Village.
