Spacious 4LDK Apartment with Rental Income in Sakai, Osaka

This property is a well-maintained 4LDK apartment located on the 7th floor of a 10-story reinforced concrete (RC) building in Sakai, Osaka. The apartment offers a generous wall-core exclusive area of 78.41 sqm (approximately 23.71 tsubo), providing ample space for comfortable living. A key feature is the inclusion of both a standard balcony measuring 15.35 sqm and a spacious roof balcony of 23.80 sqm, complemented by a private porch area of 7.40 sqm. The building, constructed in October 1988, is part of a large complex with 120 units and benefits from full delegated management with a daytime superintendent and a management association.

Translated from the agent's notes: The property is currently tenanted, and therefore interior viewings are not possible. The land ownership share is 9259/897968. The breakdown of the monthly rent is JPY 70,000 for rent plus JPY 15,000 in management fees, totaling JPY 85,000. The building is equipped with an elevator. The property comes with a defect insurance guarantee and a performance evaluation.

The apartment presents a compelling investment opportunity, with an estimated annual rental income of JPY 1,020,000 and a projected yield of 6%. It is situated in a prime location within a short 5-minute walk from Nankai Electric Railway's Koya Line Hagiharatenjin Station, offering excellent connectivity. The local area, Sakai City, is historically renowned for its high-quality traditional Japanese knives and was once a major international trading port. For a notable tourist attraction, visitors can explore the iconic Osaka Castle, a magnificent historic landmark located within a reasonable distance, symbolizing the power and history of the region.