Investment Opportunity in Miyakojima: A Six-Year-Old Wooden Apartment Building with Flexible Potential

Presenting a compelling investment property located in the sought-after tourist destination of Miyakojima. This six-year-old, two-story wooden apartment building comprises eight units in total: four 1LDK-type units and four 1-room-type units. Currently under a bulk lease to a monthly rental operator, this arrangement is set to conclude in October 2025, opening a world of possibilities for the new owner. Post-2025, the building offers versatile potential for stable income as a standard rental apartment, a minpaku (private lodging) business, or as corporate housing.

The property's equipment and infrastructure are clearly detailed. It is equipped with water supply, electricity, and gas. For wastewater, it utilizes a septic tank (jokaso) system, and side ditches are present. The building's wooden construction is a significant feature, offering excellent insulation and the therapeutic benefits of natural wood, which generally contributes to a comfortable living environment. From an investment perspective, wooden structures have a depreciation period of 22 years, which is less than half that of reinforced concrete (RC) buildings, providing advantageous tax savings during the amortization period. While a former hotel business license was withdrawn due to a change in operations, it is noted that re-application for such a permit is possible.