Compact Investment Condominium in Osaka's Tennoji District
This property is a one-room apartment located on the 2nd floor of a 10-story condominium building in Tennoji Ward, Osaka City. The unit offers a compact yet functional living space with a wall-core exclusive area of 15.12 sqm (approximately 4.57 tsubo) and includes a 3.78 sqm balcony with eastern exposure for natural light. The building, constructed in May 1990, features a steel-reinforced concrete (SRC) structure and comprises a total of 68 units. It is equipped with an auto-lock security system, city gas, water supply and sewage systems, and a bicycle parking area (no motorcycle parking).
Currently tenanted, this unit presents an investment opportunity with an estimated annual rental income of 504,000 yen and a projected annual yield of 6.37%. The monthly running costs include a 7,000 yen management fee and a 3,000 yen repair reserve fund. The property is under full delegated management with a daytime manager and a management association, managed by Nihon Building Service Co., Ltd. The transaction is a general intermediary, and the agent notes that the floor plan should be superseded by the actual condition.
The apartment is situated in a highly accessible commercial zone, just a short walk from major transit hubs. It is approximately a 5-minute walk from JR Osaka Loop Line and Osaka Metro Midosuji Line's Tennoji Station, and a 4-minute walk from the Osaka Metro Tanimachi Line's Tennoji Station. The vibrant Tennoji area is a major commercial and transportation center, home to the iconic Tsutenkaku Tower, a symbol of Osaka's post-war resurgence and a popular observation deck offering panoramic views of the city.
