Investment Opportunity: Terraced House with Existing Tenancy in Osaka
This property is a two-story wooden terraced house built in January 1935, located in Ashiro 3-chome, Higashiosaka City, Osaka Prefecture. It is situated just a 3-minute walk (240 meters) from Fuse Station on the Kintetsu Osaka Line, offering convenient access to multiple train lines. The property is currently occupied by tenants, providing immediate rental income.
According to the agent's notes, the property features a system kitchen that integrates storage space, making it easy to clean and maintain. The kitchen uses city gas, which is noted for being relatively inexpensive and environmentally friendly. The toilet is equipped with a bidet seat (shower toilet/washlet) for hygiene. A convenience store is located within a 165-meter (3-minute walk) radius.
The property has a building area of 32.52 sqm (wall center measurement) and a land area of 61.07 sqm (registered area). The layout is a 4DK. Key equipment includes a system kitchen, counter kitchen, gas stove, bath with reheating function, bathroom dryer, washbasin with shower, bidet seat, walk-in closet, storage in all rooms, TV monitor door phone, and floor heating. Other features include all-electric capability, barrier-free design, south-facing orientation, and parking availability. Utilities include public water supply, city gas, and sewer system. The property has a dedicated bath and toilet, which are separate.
Special notes from the listing indicate this is an owner-change property with an existing tenancy. The current monthly rent is 175,000 yen. The monthly ground rent (借地料) is 25,000 yen, valid until July 2053 (a 30-year term). The estimated annual revenue at full occupancy is 2,100,000 yen, with a surface yield of approximately 8.4%. The land right is an ordinary leasehold (普通賃借権). The property is recommended for its easy-to-use all Western-style rooms, storage space next to the entrance, and the abundance of surrounding convenience facilities like supermarkets and convenience stores.
