Modern Apartment Investment in Sakai, Osaka
This property is a 1K apartment for sale located on the 4th floor of a 12-story reinforced concrete (RC) building constructed in July 2006. The apartment has a private wall-core area of 33.24 sqm (approximately 10.05 tsubo) and includes a balcony of 3.51 sqm. The building is managed under a fully contracted, patrol-based management system. The property is currently tenanted, generating a projected annual rental income of 840,000 yen, which offers a projected annual yield of 7%. The sale price is 12,000,000 yen, with monthly management fees of 5,320 yen and a monthly repair reserve fund of 6,520 yen.
Key equipment and features include city gas. Special notes indicate an owner change is planned. The property comes with a defect liability period and defect insurance. The transaction is handled as an intermediary.
The apartment is conveniently situated in Sakai Ward, Sakai City, Osaka Prefecture, just an 8-minute walk from Nankai Main Line's Sakai Station. The area is well-serviced with convenience stores, shops, and medical facilities nearby. An interesting historical fact about Sakai is that it was once an autonomous, wealthy merchant city known for its high-quality knife and sword production during the Sengoku period. The closest major landmark is the iconic Osaka Castle, a historic fortress and popular tourist destination located approximately 15 kilometers to the north.
