Investment Opportunity: Multi-Family Rental Property in Okinawa City

This property presents a significant investment opportunity as a currently operating U.S. military rental residence. The reinforced concrete (RC) three-story building is designed as a two-household garage house, offering a stable annual income of 4.62 million yen and a surface yield of 5.8%. The total land area is 246.89 square meters (approximately 74.68 tsubo), with a building area of 227.52 square meters (68.82 tsubo). It was constructed in January 2017, making it a relatively modern structure at 9 years old.

According to the agent's equipment and special notes, which have been fully translated, the layout is as follows: The first floor (1F) features a garage. The second floor (2F) is configured as an LDK (Living, Dining, Kitchen) area. The third floor (3F) contains two Western-style rooms. The agent handling this property is Tarama.

The property is located in Chibana 4-chome, Okinawa City, Okinawa Prefecture. The area is well-connected, with the Third Gate bus stop approximately a 10-minute walk away. Chibana is a part of Okinawa City, which is a major urban center in central Okinawa, known for its mix of local culture and American influences due to the nearby military bases. An interesting historical fact about the area is that the former Chibana Airfield, used during the Battle of Okinawa, is now largely redeveloped into residential and commercial zones. The closest major tourist attraction is the Okinawa Zoo & Museum (Okinawa Kodomo no Kuni), a popular family destination featuring a zoo, museum, and botanical gardens, located just a few kilometers away.