HR West Mikuni: A Modern Investment Apartment Building in Osaka

This property, HR West Mikuni, is a well-maintained apartment building located in Yodogawa Ward, Osaka City. Constructed in December 2015, this two-story wooden structure offers a total floor area of 185.6 square meters (approximately 56.14 tsubo) across eight individual 1K units. The land area is 172.09 square meters (about 52.05 tsubo), including a setback of approximately 4.27 square meters. The building is situated within an 8-minute walk from Muko Station on the Hankyu Takarazuka Line, providing excellent access to central Osaka.

Critical investment details are provided in the agent's notes. The property is currently fully tenanted, with all eight units occupied, generating a current monthly rental income of ¥516,500 and an annual income of ¥6,198,000. The indicated yield of 5.03% is a surface yield, calculated as the ratio of the annual rental income (including common area fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance expenses for the property. It is important to note that the assumed rent and assumed yield are calculated based on prevailing market rents, adding rent for any vacant units to simulate full occupancy. The rental income is not guaranteed to be reliably obtained in the future. (Survey date: March 5, 2026). A special remark states the property is "Currently Leased (Tenancy Agreement Takeover Required)."