Investment Opportunity: Owner-Change Property in Neyagawa City, Osaka
This is an owner-change investment property, presenting a turnkey opportunity with a tenant already in place. The property is a detached, two-story house with an attached shop, built in June 1997. It offers a generous 5LDK layout across a total floor area of 116.03 sqm (approximately 35.09 tsubo), situated on a land area of 54.81 sqm (approximately 16.58 tsubo). The structure is primarily Steel Reinforced Concrete (SRC) with some wooden sections.
Key features and equipment include two toilets, a bidet-style washlet, a separate bath and toilet, a washbasin, a system kitchen, ample storage space, an indoor area for a washing machine, city gas, and public water and sewage systems. A significant renovation was completed in December 2020, which included new flooring (laminate/cushion flooring), wallpaper replacement on the first-floor ceiling and three rooms on the third floor, replacement of sliding doors and screen doors, and balcony waterproofing. The property also includes a balcony.
Financially, the property is currently tenanted with a monthly rent of 88,000 yen, projecting an annual rental income of 1,056,000 yen and a surface yield of approximately 7.08%. The location is highly convenient, just a 10-minute walk from Neyagawa-shi Station on the Keihan Electric Railway Keihan Line, providing excellent access to central Osaka and Kyoto. The property is situated in a Neighborhood Commercial Zone with a building-to-land ratio of 80% and a floor area ratio of 300%.
