Investment-Grade Studio Apartment in Osaka's Vibrant Minami-Horie District

This studio apartment presents a compelling investment opportunity in the highly sought-after Minami-Horie area of Osaka's Nishi Ward. Priced at 21.8 million yen, the property is currently tenanted, generating a projected annual rental income of 876,000 yen and offering a solid gross yield of approximately 4.01%. The unit is located on the 4th floor of a 14-story reinforced concrete (SRC) building constructed in October 1973.

The apartment features a wall-core exclusive area of 48.08 sqm (approximately 14.54 tsubo) with a functional one-room layout. Key equipment includes a dedicated toilet, city gas, running water, sewage system, and access to a building with two or more elevators. A 3 sqm balcony is also included. The property is situated on flat land and offers convenient access to two different railway lines. Notably, the listing permits a change of ownership and allows for office use, adding to its versatility. Monthly running costs consist of a 7,950 yen management fee and an 8,070 yen repair reserve fund. There is no parking or bicycle parking available on-site. The building is under full委托 management with a daytime superintendent and an active management association.