Compact Investment Apartment in Sakai, Osaka
This property is a compact 1K apartment for sale in Sakai, Osaka. The unit is located on the 1st floor of a 4-storey steel-framed apartment building constructed in October 1972. The private floor area is 14.95 sqm (approximately 4.52 tsubo). The property is currently tenanted, generating an estimated annual rental income of 408,000 yen, which translates to a projected yield of 11.65%. The price is 3.5 million yen, with no monthly management fees or repair reserve fund payments required.
Key equipment and features include city gas, a unit bath, and a kitchen. Special notes from the agent indicate that the assumed annual income includes water charges. As the unit is currently occupied, internal viewings are not possible. The agent requests that inquiries be made via email, and they will send a map. The tenant has been in residence since December 2017. The transaction is an agency sale.
The apartment is conveniently located just a 4-minute walk from Higashiminato Station on the Hankai Tramway Hankai Line, providing easy access to central Osaka. The area of Sakai is historically rich, famous for its traditional knife-making industry, a craft that dates back centuries. The closest major landmark is the iconic Osaka Castle, a magnificent historical site and popular tourist destination located a reasonable train ride away, offering a glimpse into Japan's samurai past.
