Affordable Terrace House Investment Opportunity in Osaka
This property is a vacant, two-story wooden terrace house built in August 1961, making it 65 years old. It is located in Osaka Prefecture, specifically in Inadahoncho 1-chome, Higashiosaka City. The property offers convenient access to public transportation, being a 12-minute walk from Tokuan Station on the JR Katamachi Line.
The house has a 4K layout and a total floor area of 71.88 square meters. The land area is 112.38 square meters (based on the official registry). The property faces west and is situated on a corner lot with frontage on two sides: a 2.6-meter wide private road to the west and an 11.0-meter wide frontage. There is a private road burden area of 22.00 square meters. The property is within an urbanization area, zoned as a Category I Residential District, with a building-to-land ratio of 60% and a floor area ratio of 200%. The terrain is flat.
Key equipment and features of the property include a system kitchen, counter kitchen, IH cooktop, gas cooktop, bath with reheating function, bathroom dryer, washbasin with shower, washlet toilet seat, walk-in closet, storage in all rooms, TV monitor doorphone, and floor heating. The property is all-electric and designed to be barrier-free. It is south-facing. Please note there is no parking available.
The property is part of a block of three terrace houses, all with identical floor plans. All units are currently vacant. As an investment, the projected gross yield is approximately 16%, based on an assumed monthly rent of 40,000 yen per unit. The property is ready for immediate handover.
The surrounding area is residential and convenient, with Nekone Elementary School approximately 325 meters away and Nekone Junior High School about 313 meters away.
