Investment Opportunity in Sakai City: A Detached House with Renovation Potential
This property is a detached house located in the Naka Ward of Sakai City, Osaka Prefecture. It is being offered as a plot of land with an existing old building. The land size is 46.19 square meters, and the building has a total floor area of 56.68 square meters. The building was newly constructed in June 1979, making it approximately 46 years old. The floor plan is currently under confirmation. The property faces a 4.5-meter-wide public road (Fukuda No. 3 City Road) to the south.
The property is zoned as a Category I Residential Area (quasi-fire prevention area), with a building coverage ratio of 60% and a floor area ratio of 200%. This zoning allows for flexible future use or redevelopment. The official land price (Rosenka) is 61,400 yen per square meter, or approximately 202,600 yen per tsubo. The asking price is 4,350,000 yen. The property is being sold in its current condition and based on a public register transaction.
The neighborhood context includes access via a bus ride from Nankai Koya Line's Kitanoda Station, followed by a 9-minute walk from the Fukuda-naka bus stop (approximately 700 meters). The area has seen many sales and transaction cases for both land and detached houses, indicating active real estate movement. The current rent is slightly below market rates, which may help mitigate vacancy risks. The property presents a potential gross yield of over 12%, depending on the extent of renovation. It is considered suitable for those looking to start a low-cost real estate investment or those interested in rental income combined with a future exit strategy. The area is not identified as having any major risks according to hazard information.
