Investment Opportunity: Owner-Changed Apartment in Yao City
This is a 2K apartment unit located on the 6th floor of a 6-story steel-framed building, the Kyuhoji Coporas A Building, situated in Shibukawa-cho 7-chome, Yao City, Osaka Prefecture. The property offers a floor area of 26.01 square meters and was constructed in November 1973. It is currently tenanted, providing an immediate rental income stream.
The property details include city gas as the gas type, public water supply, and a septic system for wastewater. The building has a self-managed system by the residents. There is parking available, and pets are negotiable. The unit faces east for the main lighting exposure. The building has a total of 39 units and features an auto-lock security system.
The property is an owner-change property, meaning the ownership of the apartment changes while the existing tenant continues their lease. The current monthly rent is 39,000 yen, yielding a 7.2% return on the asking price. The property is located just a 5-minute walk from Kyuhoji Station on the Kansai Main Line, offering convenient access to transportation. The land rights are freehold.
