Fujii Mansion Iwata: A Prime Investment Apartment Building in Higashiosaka
Fujii Mansion Iwata is a well-established apartment building presenting a significant investment opportunity in the sought-after area of Higashiosaka City, Osaka Prefecture. This three-story steel-framed building, constructed in November 1990, offers a total floor area of 284.12 sqm (approximately 85.94 tsubo) across 14 individual 1K layout units. The property sits on a generous 166.53 sqm (approx. 50.37 tsubo) corner plot, with an additional approximately 38.64 sqm of private road frontage. It is strategically positioned on a southwest-facing corner lot with a wide southern road frontage of about 6.0 meters.
The property is currently tenanted, and the sale is an owner change transaction requiring the buyer to take over the existing lease agreements. The current annual rental income is 2,592,000 yen, yielding a current return of 5.1%. The projected annual rental income at full occupancy is 5,112,000 yen, which would generate a projected surface yield of 7.8% based on the asking price of 50 million yen. It is critically important to note the agent's remarks regarding these figures: The yield is the ratio of the annual rental income (including common area fees, etc.) to the sales price, and is calculated before deducting taxes, public charges, and other expenses necessary to maintain the property. Furthermore, the projected rent and projected yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. The rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 15, 2026).
