Alps Niseko: A Prime 4-Unit Apartment Building in Kabayama

This well-maintained 4-unit apartment building, constructed in 2008 and renovated in 2016, presents a prime investment opportunity in the highly desirable St. Moritz neighborhood of Kabayama, Niseko. The property is situated just a 2-minute drive from the Hirafu ski lifts and local attractions, offering exceptional convenience for a mountain lifestyle.

The building comprises four modern apartments across two floors. The ground floor features two 1-bedroom units, while the upper floor houses two 2-bedroom units, providing flexible accommodation options. The property is fully furnished and ready for immediate occupancy or rental use, making it a true turnkey opportunity. Renovations in 2016 included practical upgrades such as floor-to-ceiling snowboard racks, new wallpaper, and modern finishes. The building sits on a large, regular-shaped land plot with a paved parking area that can accommodate up to six cars.

This asset offers substantial investment potential, with all units currently tenanted, generating immediate rental income. The property also presents an opportunity for future renovation or redevelopment into a luxury private residence. With rising land prices in the thriving Niseko market, this represents a secure and profitable long-term investment. It is ideally suited for use as staff accommodation, middle management housing, or short-term vacation rentals.