Stylish Investment Apartment Building in Miyakojima City
This modern investment property, built just four years ago, presents an excellent opportunity in Miyakojima City's Hirara district. The stylish apartment building offers a solid 6.6% yield and is currently fully leased under a single contract, providing immediate rental income. The location is highly convenient, with Miyako Airport accessible by car in approximately 14 minutes.
According to the agent's special notes, the building's layout consists of eight units in total: four 1R (single room) units and four 1LDK (one bedroom, living, dining, kitchen) units. This mix offers flexibility for different tenant needs.
The property sits on a generous land area of 368.06 square meters (approximately 111.34 tsubo). The total building floor area is 271.6 square meters (82.16 tsubo). Constructed of wood in October 2019, the building is in excellent condition. The land is designated for residential use with a building coverage ratio of 60% and a floor area ratio of 200%.
The area of Hirara, Kugai in Miyakojima City offers a relaxed island lifestyle with stunning natural beauty. A major nearby landmark is the iconic Irabu Bridge, one of Japan's longest toll-free bridges, connecting Miyako Island to Irabu Island and offering breathtaking panoramic views of the turquoise sea.
