Compact Investment Apartment in Osaka's Yodogawa Ward
This property is a compact 1K apartment located on the 7th floor of an 8-story reinforced concrete (RC) building constructed in April 1995. The unit features a total floor area of 15.2 sqm (approximately 4.59 tsubo) with a layout consisting of one 6-tatami mat Western-style room and a 1.5-tatami mat kitchen area. The apartment includes a 1.8 sqm balcony with a western exposure. Building amenities are comprehensive, featuring an auto-lock security system, surveillance cameras, an elevator, a parcel delivery box, and a free-of-charge bicycle parking area. The unit is equipped with storage/closets in all rooms, air conditioning, an indoor space for a washing machine, and uses city gas.
According to agent notes, this is unit 701 in the Eslead Kitakita building. The price is negotiable (条件相談可), and unit 702 is also available for 7.5 million yen. Bulk purchases are welcomed (バルク買い歓迎). The property is currently tenanted, generating an estimated annual rental income of 493,000 yen, which translates to a projected yield of approximately 6.57%. Ownership is changing hands (オーナーチェンジ年間予定). The building is fully managed by a management union with a daytime superintendent. The property comes with defect liability insurance (瑕疵保険).
The apartment is situated in Osaka's Yodogawa Ward, a well-connected residential area. An interesting local fact is that the nearby Shin-Osaka Station is not only a major transportation hub but was also one of Japan's first stations built specifically for high-speed Shinkansen (bullet train) services when it opened in 1964. The area offers convenient daily living with a supermarket, convenience store, pharmacy, and hospital all within a short walking distance. For a major tourist attraction, the iconic Osaka Castle, a historic landmark surrounded by beautiful park grounds, is easily accessible via the Midosuji Line from nearby Higashi-Mikuni Station.
