Investment Opportunity in a Prime Osaka Location
This property is a 1LDK apartment for sale located on the 2nd floor of a 10-story building in Miyahara 1-chome, Yodogawa Ward, Osaka City. The unit has a private floor area of 42.32 sqm (approximately 12.8 tsubo) and was built in February 1974. The asking price is 14.9 million JPY, with monthly management fees of 7,350 JPY and a repair reserve fund of 9,226 JPY. The property is currently tenanted, generating an estimated annual rental income of 972,000 JPY, which translates to a surface yield of approximately 6.5%. The transfer of ownership can be arranged upon consultation.
Translated agent notes on equipment and features include: Bath and toilet are separate, shower, system kitchen, 3-burner stove, storage space, closet, indoor washing machine space, flooring, city gas, water supply, sewerage, hot water supply, elevator, and a paid bicycle parking lot (monthly fee 500 JPY). Motorcycle parking is unavailable. Special notes indicate that the property is suitable for an owner change and can be used as an office. There is no key money or deposit required for the tenant. The building is a steel-reinforced concrete (SRC) structure with full outsourcing management and a management association. The transaction is a general intermediary.
The location is exceptionally convenient, situated just a 3-minute walk from JR Shin-Osaka Station on the Tokaido Main Line and a 7-minute walk from the Midosuji Subway Line's Shin-Osaka Station. This places you at the gateway to the Kansai region, with direct bullet train access to Kyoto, Kobe, and beyond. The area around Shin-Osaka Station is a major transportation hub, constantly evolving with new commercial developments. An interesting local fact is that the Shin-Osaka area was extensively developed in preparation for the 1970 World Expo, transforming it into the vital transport and business node it is today. The closest major landmark is the iconic Osaka Castle, a historic symbol of the city, easily accessible via a short train ride from Shin-Osaka Station.
