Compact Investment Apartment in Osaka's Vibrant Abeno District
This studio apartment, located on the 8th floor of an 11-story building, offers a convenient urban lifestyle in Osaka's Abeno Ward. The property has a wall-core exclusive area of 30.52 sqm (approximately 9.23 tsubo) and features a 3.3 sqm balcony with eastern exposure. Built in February 1985, the building is a reinforced steel-concrete (SRC) structure with a total of 111 units. The property is currently tenanted, providing an immediate rental income stream, with an estimated annual yield of 6.54% based on projected annual rent of 720,000 yen.
Key equipment and features of the building include an auto-lock security system, city gas, an elevator, a bicycle parking area (monthly fee: 1,000 yen), and a motorcycle parking space (monthly fee: 6,000 yen). Special notes from the agent highlight the property's excellent transportation and lifestyle convenience, being just a 3-minute walk from both the Kintetsu Minami-Osaka Line's Osaka Abenobashi Station and the Osaka Metro Midosuji Line's Tennoji Station. The property is also noted as being pet-friendly and under good management. An owner change is planned for the year.
The Abeno area is a major commercial and transportation hub in southern Osaka. An interesting fact is that it is home to Abeno Harukas, the tallest building in Japan, which offers breathtaking panoramic views from its observation deck. The closest major landmark is the historic Shitennoji Temple, one of Japan's oldest Buddhist temples, founded in 593 AD by Prince Shotoku.