Compact Investment Apartment in Osaka's Vibrant Ikuno Ward
This property is a compact 1K apartment located on the 11th floor of an 11-story building in Osaka's Ikuno Ward. Priced at 6.5 million yen, it offers a practical investment opportunity with an estimated annual rental income of 504,000 yen and a projected yield of 7.75%. The apartment features a wall-core exclusive area of 16.32 square meters (approximately 4.93 tsubo) and includes a 3.35 square meter balcony facing northwest for natural light.
Translated agent notes on equipment and features confirm the building is well-equipped with an air conditioner, auto-lock security system, surveillance cameras, city gas, hot water supply, and an elevator. Special notes indicate the property is currently tenanted, and the timing for handover is negotiable. A change of ownership is in process, and pets are subject to consultation. The building itself is an SRC (steel-reinforced concrete) structure built in May 1991, comprising 102 units. Management is fully entrusted to a巡回 (rotating/patrol) system with a management union, handled by Nihon Building Service Co., Ltd. The property includes inspection, defect warranty, and performance evaluation guarantees. The land is zoned for commercial use under the National Land Use Law.
The apartment is situated in the lively Katsuyama Minami area of Ikuno Ward, a district known for its rich cultural tapestry and diverse communities. The location offers good access to central Osaka, with Momodani Station on the Osaka Loop Line a 17-minute walk away and Kitahimatsu Station on the Sennichimae Line a 20-minute walk. The area provides a blend of residential calm and urban convenience. An interesting local fact is that Ikuno Ward is home to Tsuruhashi, often called 'Korea Town,' one of Japan's largest and most vibrant Korean communities, famous for its authentic yakiniku (Korean barbecue) restaurants and bustling market streets. The closest major landmark is the iconic Osaka Castle, a historic fortress surrounded by expansive parklands, located just a few train stops away, offering a stunning glimpse into the region's samurai past.
