Spacious 3LDK Apartment in Osaka's Izumi City
This property is a well-maintained 3LDK apartment located on the 5th floor of a 12-story building in Izumi City, Osaka Prefecture. Built in March 1996, the apartment offers a generous wall-core exclusive area of 70.20 sqm (approximately 21.23 tsubo). The layout comprises a 13.8-tatami mat LDK (living-dining-kitchen), a 6-tatami Japanese-style room, a 5.1-tatami Western-style room, and a 6.7-tatami Western-style room. The building is a sturdy SRC (steel-framed reinforced concrete) structure with a total of 292 units and features an elevator for convenience.
Translated agent notes provide essential details. The equipment includes a dedicated toilet, separate bath and toilet, shower, washbasin, washbasin with shower, storage in all rooms, closet, indoor washing machine space, city gas, water supply, sewerage, hot water supply, and elevator. Special notes indicate the land is flat. Remarks specify that the property has been tenanted since 2015 (Heisei 27), and features include: no pets allowed, cannot be used as an office, owner change, no parking, no key money, no security deposit, and a monthly land lease fee of 10,880 yen. The transaction type is exclusive agency.
The apartment presents an investment opportunity, currently tenanted with an annual scheduled rental income of 840,000 yen and a projected yield of 12.9%. Monthly costs include a management fee of 5,120 yen and a repair reserve fund of 7,300 yen. The land is held under a fixed-term leasehold (定期賃借権) with a monthly ground rent of 10,880 yen, and the lease contract expires on August 31, 2046.
