Renovated Terrace House in Higashiosaka with Investment Potential
This property is a two-story wooden terrace house located in Higashiosaka City, Osaka Prefecture. It is situated approximately a 13-minute walk from Yato Station on the Kintetsu Osaka Line, providing convenient train access. The neighborhood is residential, with Ohasu Elementary School within a 10-minute walk (766m).
The house was built in April 1977, making it 50 years old, but underwent a comprehensive renovation in 2022 (Reiwa 4). The renovation work included replacing the wallpaper in all rooms, and updating the bathroom, toilet, washbasin, kitchen, and fittings. The property features a 2DK layout with a total floor area of 60.82 square meters on a 39.88 square meter land plot.
Key equipment and features of the house include a system kitchen with a counter and an IH cooktop. The bathroom is equipped with a reheating function and a dryer. Other interior amenities include a walk-in closet, storage in all rooms, a TV monitor intercom, and underfloor heating. The property is all-electric, barrier-free, south-facing, and includes parking.
A notable feature is that the property is currently tenanted, generating a monthly rental income of 65,000 yen. The tenant's contract includes the use of a guarantee company, and rent is paid via direct bank transfer. This presents an immediate investment opportunity with a stated surface yield of 10.8%. The property is being sold due to an owner change. The sale is being handled as an intermediary transaction, and the contract includes a disclaimer for non-conformity liability.
