Compact Investment Condominium in Osaka's Vibrant Shinsaibashi
This studio apartment, located in the heart of Osaka's bustling Chuo Ward, presents a turnkey investment opportunity. The property is a 21.5㎡ (approximately 6.5 tsubo) unit on the 5th floor of a 14-story reinforced concrete (SRC) building constructed in September 1983. It is currently tenanted, generating a stable annual rental income of 696,000 yen, which translates to a projected yield of 5.57% based on the asking price of 12.3 million yen. Monthly rent is 58,000 yen, with additional monthly fees of 6,200 yen for management and 2,940 yen for repair reserves.
Key features and agent notes include a comprehensive list of equipment: storage space, air conditioning, washing machine placement area, lighting fixtures, water supply, sewerage, shared bath, elevator, bicycle parking, and motorcycle parking. Special notes indicate that the property is suitable for office use and an owner change is possible. A recent renovation was completed in December 2022, covering interior walls and ceilings (wallpaper/painting). The transaction is an exclusive intermediary listing.
