Renovation-Ready Terrace House with Investment Potential in Toyonaka
This property is a 3DK terrace house located in Toyonaka City, Osaka Prefecture, offering a compelling opportunity for both renovation and investment. The house is currently tenanted, generating a monthly rent of 55,000 yen, which translates to an annual income of 660,000 yen and a surface yield of approximately 9.7%. This makes it an attractive option for an owner-change investment.
The property features a total floor area of 61.12 square meters on a land area of 37.64 square meters (official register). It is a two-story wooden structure built in January 1970, making it 57 years old. The location is convenient, with a 13-minute walk to Hankyu Kanzakigawa Station on the Kobe Line. Daily life is supported by amenities within a 10-minute walk, including Shonai Nishi Elementary School (approx. 500m) and the nearest supermarket (approx. 700m).
Key equipment and features of the property include a system kitchen, gas stove (using economical and environmentally friendly city gas), bath with reheating function, bathroom dryer, washbasin with shower, washlet toilet, walk-in closet, storage in all rooms, TV monitor door phone, and floor heating. Other facilities are public water supply, city gas, sewer system, private bath, private toilet, hot water supply, balcony, and wooden flooring. The property is described as all-electric, barrier-free, south-facing, and with parking available.
The agent's remarks emphasize that this property is ideal for the popular combination of a second-hand house and renovation. They encourage potential buyers who think "the location is good, but..." or "if only it were a little cleaner..." to make an inquiry. The experienced staff can provide tailored proposals. The property is positioned as optimal for transformation into one's ideal layout.
The surrounding Toyonaka area offers excellent urban convenience within the Osaka metropolitan region. An interesting local fact is that Toyonaka is home to Osaka International Airport (Itami Airport), a major domestic hub. For recreation and culture, residents can easily visit the iconic Osaka Castle, a historic landmark and museum approximately 30 minutes away by train, offering a glimpse into Japan's samurai history and beautiful seasonal gardens.
