Investment Opportunity in Osaka: A Well-Maintained Rental Property
This property presents a compelling investment opportunity in the residential neighborhood of Higashiosaka City, Osaka Prefecture. The two-story wooden house, built in September 1977, offers a functional 2LDK layout with a total floor area of 50.76 square meters on a 48.13 square meter plot. The property is currently tenanted, generating a monthly rent of 46,000 yen, which translates to a surface yield of 6.1% based on the asking price of 6.8 million yen.
Key equipment and features of the house include a system kitchen with a counter and an IH cooktop. The bathroom is equipped with a reheating function and a bath dryer. Inside, you'll find a walk-in closet, storage in all rooms, a TV monitor-equipped doorphone, and underfloor heating. The property is designated as an all-electric home and features barrier-free access. It has a south-facing orientation and includes a parking space.
Special notes from the agent indicate this is an owner-change property. The location is in a designated quasi-fire prevention zone. The property is situated in a Category I Medium-to-High-Rise Residential Exclusive Zone within the urbanization promotion area. The land is flat with a building-to-land ratio of 60% and a floor area ratio of 150%. The road frontage is 4.4 meters on a 3.3-meter wide public road to the northwest. The property is sold as-is with a disclaimer for non-conformity liability.
The area of Higashiosaka is a dynamic city known for its manufacturing heritage, often called the "town of monozukuri" (craftsmanship). An interesting local landmark is the Hiraoka Shrine, a historic Shinto site with beautiful grounds, located a short distance away. The property offers convenient access to daily life, being within a 7-minute walk (549m) of Kamishijo Elementary School and close to other local amenities.
