Investment Apartment Building in Miyakojima's Convenient Residential Area

This property is a nine-unit 1K apartment building located on a corner lot within a residential neighborhood of Miyakojima City. Designed for single occupants, the building is in high demand due to its excellent location, with a convenience store just a 4-minute walk away and a rich selection of dining options nearby. The property is presented as an income-generating investment with a current yield of 5.56%. All units are under fixed-term lease agreements.

The building is a three-story reinforced concrete (RC) structure built in January 2010. It sits on a 156 square meter plot of land. Key features include its corner location and its suitability for single-person living. The agent's special notes provide critical details: The property is sold in its current condition. It is located within a cityscape zone, specifically a residential landscape sub-zone with no special landscape regulations. The area is also designated as a Special Use District for educational and cultural purposes. Monthly internet costs are 16,500 yen, and there are maintenance and inspection fees for the septic tank. The fixed asset tax for fiscal year Reiwa 6 is 177,200 yen. Importantly, roof waterproofing work was completed in 2022.

The area of Miyakojima is renowned for its stunning beaches, crystal-clear waters, and unique culture. An interesting fact is that Miyakojima is home to some of Japan's most spectacular coral reefs and is a premier destination for snorkeling and diving. The closest major tourist attraction is the iconic and beautiful Yonaha Maehama Beach, known for its long stretch of white sand and turquoise sea, offering a quintessential tropical island experience just a short drive from the property.