Spacious 3LDK Apartment with Strong Investment Potential in Osaka
This property is a well-maintained 3LDK apartment located in Nishiminato-cho, Izumiotsu City, Osaka Prefecture. The apartment is situated on the 2nd floor of a 9-story reinforced concrete (RC) building constructed in January 1991. It offers a generous wall-core exclusive area of 66.72 sqm (approximately 20.18 tsubo), featuring a layout that includes a 6-tatami Japanese-style room, a 6-tatami Western-style room, and a 4.8-tatami Western-style room. The property benefits from a south-facing orientation, ensuring excellent sunlight.
Key equipment and features include a dedicated toilet, separate bath and toilet, washroom, vanity, system kitchen, counter kitchen, gas kitchen with either a 2-burner or 3-burner hob, storage space, closet, indoor washing machine space, flooring, city gas, hot water supply, and an elevator in the building. Special notes highlight the property's good sunlight. Important remarks indicate that the floor plan takes precedence over the current condition, and the transaction type is exclusive intermediary.
Currently tenanted, this apartment presents a compelling investment opportunity. The annual scheduled rental income is 780,000 yen, with a current monthly rent of 65,000 yen, resulting in a surface yield of 9.39%. Please note that this yield calculation does not consider maintenance fees or public charges and is not guaranteed for the future. Monthly costs include a management fee of 6,900 yen and a repair reserve fund of 9,210 yen. Additional running costs include a neighborhood association fee of 200 yen per month. The property is subject to an owner change, and pets are not permitted.
The area of Izumiotsu City is a coastal city in Osaka Bay, historically known for its textile industry. An interesting local fact is that the city hosts the annual 'Izumiotsu Danjiri Festival,' a vibrant and powerful festival featuring ornate wooden floats pulled through the streets, recognized for its cultural significance. The closest major landmark is the iconic Osaka Castle, a historic castle park and museum located approximately 30 kilometers northeast, easily accessible via the Nankai Main Line and Osaka's extensive train network.
