Investment Opportunity in a Quiet Residential Neighborhood of Moriguchi, Osaka
This property presents a unique investment opportunity: a renovated single-family house currently tenanted, offering a projected annual rental income of 780,000 yen and a high yield of 10.40%. Located in a quiet residential area of Moriguchi City, Osaka Prefecture, the home benefits from excellent sunlight exposure.
The property is a single-story wooden house built in April 1960, with a total floor area of 36.19 sqm (approx. 10.94 tsubo) on a land area of 68.34 sqm (approx. 20.67 tsubo). The layout is a 2K configuration, featuring a 6-jo Western-style room and a 4.5-jo Western-style room. It includes a private garden but no balcony. Key equipment and features include a system kitchen with a 2-burner stove, a separate bath and toilet, a toilet with a bidet function, a shower, a bathroom with a window, a washbasin with a shower attachment, closets, internet readiness, a designated indoor space for a washing machine, and flooring throughout all rooms. The property uses city gas, electricity, and has public water and sewer systems.
Significant renovations were completed in September 2021, comprehensively updating the water areas (kitchen, bathroom, toilet, washroom, and water heater) and the interior (flooring, wall and ceiling papering throughout all rooms, and interior doors). The land is classified as residential under the old law leasehold right system, with a monthly ground rent of 23,000 yen and a lease period of 20 years. The property is located within a Category I Residential District, is subject to quasi-fireproof regulations, and has a building-to-land ratio of 60% and a floor area ratio of 160%. Please note that due to road width restrictions, a setback of 2.2 sqm is required for any future rebuilding.
The area is conveniently serviced by local amenities, including drugstores, convenience stores, and supermarkets within a short walking distance. For transportation, the nearest major station is Keihan Electric Railway's Nishisanso Station, approximately a 12-minute walk away. An interesting local fact is that Moriguchi City is historically known for its production of Japanese *senbei* rice crackers. The closest major tourist attraction is the iconic Osaka Castle, a historic landmark and museum located a short train ride away, offering a deep dive into Japan's samurai history.
