Affordable Terraced House Investment in Osaka's Chuo Ward
The complex consists of two separate units being sold together. Unit 1 (House Number 4-11-13) is currently vacant and available for viewing, with a total floor area of 29.74 m² (1F: 16.52 m², 2F: 13.22 m²). Unit 2 (House Number 4-11-12) is tenanted, generating a monthly rental income of 40,000 JPY, with a floor area of 30.34 m² (1F: 16.56 m², 2F: 13.78 m²). The land is held under an Old Law Leasehold right (旧法賃借権) for the target area of 37.74 m², with a monthly ground rent of 24,080 JPY and a lease period until May 2026. A security deposit of 1,600,000 JPY and a title registration fee of 485,000 JPY are required as other costs. Enrollment in the "Life Anshin" guarantee is mandatory, with an initial cost of 80% of one month's ground rent and a monthly fee of 550 JPY thereafter.
The property features a 2K layout in each unit. Key equipment and features include a system kitchen, counter kitchen, IH cooktop, gas cooktop, bath with reheating function, bathroom dryer, washbasin with shower attachment, bidet toilet seat, walk-in closet, storage in all rooms, TV monitor door phone, and underfloor heating. The property is also noted as being all-electric, barrier-free, south-facing, and comes with parking. Other utilities include public water supply, city gas, sewer, and hot water supply. The building is a two-story wooden structure built in January 1958 (69 years old), with a total building area of 60.08 m² situated on a 490.34 m² (registered) plot.
The area of Konohana Ward is part of Osaka Bay area, known for its industrial history and modern redevelopment. A major nearby landmark is Universal Studios Japan, a world-famous theme park located just a short train ride away in the same ward, drawing millions of visitors annually and significantly contributing to the local economy and vibrancy.
