Investment Opportunity: Renovated 3DK House in Osaka's Higashisumiyoshi Ward
This property is a detached house for sale located in Hachinakano 1-chome, Higashisumiyoshi Ward, Osaka City, Osaka Prefecture. Built in January 1987, this three-story wooden structure offers a total floor area of 96.36㎡ (approximately 29.14 tsubo) on a land area of 36㎡ (approximately 10.89 tsubo). The layout is a 3DK, comprising two 6-tatami Japanese-style rooms, one 8-tatami Western-style room, and a 4.5-tatami dining-kitchen area. The property is currently tenanted, presenting an immediate investment opportunity with an estimated annual rental income of 1,176,000 yen and a projected yield of 7.94%.
Significant renovations were completed in October 2022, including a full interior refresh with new wallpaper throughout all rooms, replacement of tatami mats and shoji screens, and new flooring. The kitchen and water heater were also completely renewed. Key equipment includes a system kitchen, storage in all rooms, city gas, electricity, and both water supply and sewage systems. The bathroom features a window for ventilation. The property has a building-to-land ratio of 60% and a floor area ratio of 160%. It is situated in a Category II Medium-to-High-Rise Exclusive Residential Zone within a urbanization promotion area. Access is convenient, with Kintetsu Minami-Osaka Line's Hachinakano Station a 5-minute walk away and the Osaka City Tanimachi Line's Komagawa-Nakano Station a 6-minute walk.
The Higashisumiyoshi area offers a balanced residential atmosphere with good local amenities. An interesting local fact is that the nearby Nagai Park, a short distance away, was a venue for the 2007 IAAF World Athletics Championships. The area provides excellent access to central Osaka while maintaining a community feel. The closest major landmark is the iconic Tsutenkaku Tower in the Shinsekai district, a symbol of Osaka's post-war resurgence and a popular tourist destination offering observation decks and vibrant street food culture.
