Investment Opportunity: Tenant-Occupied Terrace House in Higashi-Ishikiricho
This is a two-storey wooden terrace house located in the Higashi-Ishikiricho area of Higashiosaka City, Osaka Prefecture. The property offers a 2LDK layout with a total floor area of 38.7 square meters on a land plot of 38.85 square meters. Constructed in February 1979, the building is approximately 48 years old and is zoned as a Category 1 Medium-to-High-Rise Residential District. The property's land rights are freehold, and it faces a 2.2-meter-wide private road to the west, with a setback distance of 3.6 meters. Parking is available for two cars.
The property is currently tenanted, with a monthly rent of 37,000 yen, yielding a gross return of 16.4%. This makes it an attractive investment opportunity, particularly as an owner-change (owner change) property. The existing tenant is already in place, eliminating the need to find a new occupant from scratch and allowing for immediate income generation. All rooms are Western-style (洋室), and the bathroom and toilet are separate. The unit also features ample storage space, a gas stove, a balcony/veranda, a washing machine area, flooring, a bicycle parking area, and a water heater. The property is connected to city gas, public water supply, and a sewer system.
The surrounding area is a quiet residential neighborhood, with a convenience store, park, and bank all within a 10-minute walk. The property is a 6-minute walk from Nukata Station on the Kintetsu Namba/Nara Line, a 13-minute walk from Ishikiri Station, and a 16-minute walk from Shiniwakiri Station on the Kintetsu Keihanna Line. The front road is narrow but safe as it is not a through road for vehicles. The property is being sold at a highly accessible price, and a cash purchase is recommended. The listing agent, SR Sogo Real Estate, specializes in the Higashiosaka City area and offers consultation on both rental and sales perspectives, as well as loan and financial planning advice.
