Spacious One-Room Investment Condominium Near Komyoike Station
This property is a substantial one-room condominium unit located in the Kamoyadai 2-chome area of Sakai City's Minami Ward, Osaka Prefecture. The unit is currently tenanted, offering immediate rental income potential for an investor. The asking price is 56.5 million JPY.
Translated agent notes and equipment details: The property is a used (second-hand) condominium for sale. The total floor area is a generous 154.8 sqm (approximately 46.82 tsubo). The layout is a one-room configuration. The building is a 13-story reinforced concrete (RC) structure with two basement levels, and this unit is located on the 3rd floor. It was built in June 2007. Monthly fees include a management fee of 54,190 JPY and a repair reserve fund of 34,070 JPY. Parking is available (listed as 'other'). The projected annual rental income is 4,356,000 JPY, yielding an estimated gross annual return of 7.7%. The management is fully delegated to a management company with daytime staff. The property comes with defect insurance. The transaction is an intermediary (baikai) deal. Please note that floor plans prioritize the current layout over the original plan.
The area is highly convenient, with Komyoike Station on the Nankai Semboku Line just a 4-minute walk away, providing excellent access to central Osaka. The immediate vicinity is well-serviced with a Daiei supermarket, various retail shops, and dining options like Doutor Coffee and KFC, all within a short walking distance.
An interesting fact about Sakai City is its historical significance as a major center for Japanese sword making during the feudal period, a craft still practiced by a few master artisans today. The closest major landmark from this property is the ancient burial mound, the Nintoku-tenno-ryo Kofun (also known as Daisen Kofun), one of the largest tomb mounds in the world and a UNESCO World Heritage site, located a few kilometers to the north.
