Investment Opportunity: Owner-Change Apartment in Osaka's Nishi Ward

This property is an owner-change (オーナーチェンジ) unit located within the El Bel Royal 16 (エルベロワイヤル壱六) condominium in the Edobori 1-chome area of Nishi Ward, Osaka City, Osaka Prefecture. The unit is currently tenanted, offering an immediate rental income stream. The current monthly rent is 42,000 yen, comprising 37,000 yen in rent and 5,000 yen in common area fees, with an additional monthly water charge of 2,000 yen. The annual rental income totals 504,000 yen, providing a gross yield of approximately 6.8%.

The apartment is a 1R layout with a dedicated area of 16.00 square meters and a balcony of 2.85 square meters. It is located on the 11th floor of a 16-story building constructed in June 1982. The building is a steel-framed reinforced concrete (SRC) structure. The property features a separate bathroom and toilet, flooring, an elevator, and a balcony. The gas type is city gas, the water supply is public, and the drainage system is connected to the main sewer line. The building has a full-time daytime manager and an auto-lock system for security. The total number of units in the building is 379. Parking is available, and pets are negotiable.

The property is situated in a commercial district within an urbanization promotion area. It offers excellent access to public transportation, being a 5-minute walk from Awaza Station on the Osaka Metro Chuo Line and an 11-minute walk from Nakanoshima Station on the Keihan Nakanoshima Line. The surrounding neighborhood includes Honda Elementary School (7 minutes on foot), Hananoi Junior High School (9 minutes on foot), a Life supermarket near Awaza Station (6 minutes on foot), a Gyomu Super Tamagawa store (9 minutes on foot), Nakanoshima Iwaki Hospital (12 minutes on foot), and Osaka Nishi Post Office (6 minutes on foot).