Renovated 3DK Apartment with Investment Potential in Kaizuka, Osaka
This property is a renovated 3DK apartment located on the 4th floor of a 5-story reinforced concrete (RC) building in Kaizuka City, Osaka Prefecture. The apartment features a total floor area of 44.23 square meters (approximately 13.37 tsubo) and includes a 7.5 square meter two-sided balcony. The building was originally constructed in March 1976, but the property has undergone significant renovations. Key updates include a complete refurbishment of the water areas (toilet, washbasin, and water heater) completed in May 2024. Additional refurbishments mentioned in the agent notes include the replacement of flooring, fusuma sliding doors, and tatami mat surfaces. The property is equipped with a monitor-type intercom and a fire alarm (detector), and uses propane gas.
According to the agent's special notes, the common areas of the building are also well-maintained and clean. The property is currently tenanted, offering an immediate investment opportunity with an estimated annual rental income of 456,000 yen and a projected gross yield of 13.02%. The ownership is scheduled to change hands (Owner Change). The management of the building is fully outsourced with a巡回管理 (rotational/patrol-based management) system in place.
The apartment is situated in a convenient residential area. An interesting local fact is that Kaizuka City is home to the Kishiwada Danjiri Matsuri, a famous and thrilling festival known for its daring float-pulling ceremonies, which is designated as an Important Intangible Folk Cultural Property of Japan. The closest major landmark is the scenic Wakakusa Park, a large park area offering beautiful greenery and recreational spaces for residents.
