Investment Opportunity: Fully Leased Apartment Building in Ikuno-ku, Osaka

This property is a three-story wooden apartment building located at 6-chome Hayashidera, Ikuno-ku, Osaka City, Osaka Prefecture. Constructed in December 2016, the building offers a total floor area of 340.71 square meters on a land area of 188.11 square meters. The building contains nine units, each with a 1LDK layout. The unit sizes range from 31.28 to 35.2 square meters. The property is currently fully leased, with all nine units occupied. The current annual rent is 7,236,000 yen, yielding a 6.1% return based on the sale price. The estimated annual rent at full occupancy is also 7,236,000 yen, with the same estimated yield. The building features an auto-lock system at the common entrance, a bicycle parking area, and a designated garbage disposal area. The property faces a public road with a width of approximately 6 meters to the south. The location is a 9-minute walk from Tōbu Shijō-mae Station on the Kansai Main Line. Nearby amenities include a Daiei supermarket (about 600 meters away, an 8-minute walk) and a Banda Tajima store (about 550 meters away, a 7-minute walk). The land is zoned as a Category 1 residential area with a building coverage ratio of 80% and a floor area ratio of 300%. The property is being sold with existing tenant leases in place, which must be taken over by the new owner. The delivery date is negotiable. The sales price is 118,000,000 yen. The property is subject to a monthly cleaning fee of 7,700 yen and a fire equipment inspection fee of 2,750 yen. The ownership type is freehold. Please note that the yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes and other expenses necessary to maintain the property. The estimated rent and yield are based on market rents and assume full occupancy. Rental income is not guaranteed for the future.