Renovated Investment Property in Kawachinagano with Strong Rental Yield
This property is a detached house for sale located in Kawachinagano City, Osaka Prefecture. The house was originally built in March 1974 but underwent a comprehensive interior renovation in February 2021. The renovation included new flooring (flooring such as laminate), wall and ceiling wallpaper/paint throughout all rooms, re-covering of tatami mats, replacement of flooring with CF (likely carpet flooring), a new TV intercom, a new washlet toilet seat, balcony waterproofing and pillar painting, a new kitchen sink, and a new water heater.
The property is currently tenanted, providing immediate rental income. It is presented as an owner-change investment opportunity with a stated gross rental yield of 13% (annual income of approximately 624,000 yen). The layout is a 4DK, consisting of three 6-tatami mat Japanese-style rooms and one 4.5-tatami mat Western-style room. The building is a two-story wooden structure with a total floor area of 53.09 sqm (approx. 16.05 tsubo) situated on a land area of 47.23 sqm (approx. 14.28 tsubo). The land is designated for residential use (Category II Residential Zone) with a building-to-land ratio of 60% and a floor area ratio of 200%. Parking is not available. The property faces southwest for its primary sunlight exposure.
Special notes from the agent include: The property is an owner-change sale. The current tenant is residing with full understanding of the following past event: a previous occupant died of natural causes inside the property around March 2019 (Heisei 31). The discovery was made within a few days. For further details, please inquire directly. The property is sold under a "non-conformity disclaimer" agreement.
Kawachinagano City is a suburban area in southern Osaka Prefecture, known for its access to nature and historical sites. It serves as the gateway to the sacred Mount Koya (Koyasan), a UNESCO World Heritage site and one of Japan's most significant Buddhist complexes, located just a short train ride away on the Nankai Koya Line. The property is within a 10-11 minute walk from Kawachinagano Station, providing convenient access to central Osaka.
