Affordable Investment Opportunity in Osaka's Sumiyoshi Ward
This property presents a unique and affordable opportunity in Osaka's Sumiyoshi Ward. Priced at just 1.8 million yen, this two-story wooden house is currently vacant and ready for its next chapter. Built in September 1962, the 64-year-old structure offers a total floor area of 50.29 square meters on a 34.01 square meter plot of land. The layout is a functional 4K (four rooms plus a kitchen/dining area).
According to the agent's notes, the property is conveniently located just a 6-minute walk from JR Hanwa Line's Sugimotocho Station, making it an excellent recommendation for an income-generating investment property. The house utilizes environmentally friendly and relatively inexpensive city gas. The surrounding area includes Yamanochi Elementary School within a 350-meter radius (approximately a 5-minute walk).
The property features a comprehensive list of equipment. The kitchen includes a system kitchen, counter kitchen, and both IH and gas cooking options. The bathroom and toilet are equipped with a reheating function, a bathroom dryer, a washbasin with a shower attachment, and a washlet toilet seat. Indoor amenities consist of a walk-in closet, storage in all rooms, a TV monitor-equipped doorphone, and underfloor heating. Key features of the home are its all-electric capability, barrier-free design, south-facing orientation, and included parking. Other utilities include public water supply, city gas, and sewerage.
Important special notes from the agent include: the property is located in a land readjustment project area, a quasi-fire prevention zone, and is registered as a detached house but is currently in a row-house (連棟) condition. There is an unregistered extension of approximately 2.86 square meters. The building coverage ratio exceeds the designated limit.
The Sumiyoshi Ward area is a residential part of southern Osaka City, known for its quieter neighborhoods compared to the bustling city center. An interesting local fact is that the ward is home to the Sumiyoshi Taisha Grand Shrine, one of Japan's oldest Shinto shrines, famed for its unique architectural style with straight roofs instead of the curved ones typical of later shrine designs. The closest major tourist attraction is the iconic Tsutenkaku Tower and the vibrant Shinsekai district, located a short train ride away in Osaka's Naniwa Ward, offering a classic Osaka experience of food, culture, and neon lights.
