Investment Opportunity: Mixed-Use Building in Osaka's Higashiyodogawa Ward
This property presents a unique investment opportunity as a three-story steel-framed mixed-use building located in Osaka's Higashiyodogawa Ward. The building features a commercial space on the first floor and residential units on the second and third floors, offering a versatile income stream. The total floor area is 70.63㎡ (approximately 21.36 tsubo), situated on a 43.84㎡ (approximately 13.26 tsubo) plot of land. Built in April 1980, the property is currently vacant and offers a prime location just a 3-minute walk from Imazatosuji Line's Idakano Station, with excellent access to public transport.
Critical agent notes have been provided. The remarks clarify financial projections: "The yield is the ratio of annual rental income (including common service fees, etc.) to the selling price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the assumed rent and assumed yield are calculated based on market rent, adding rent for vacant spaces and assuming full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 9, 2026)." An additional note states: "Currently under lease (lease contract takeover required)." This indicates the property is tenanted, and the new owner would assume the existing lease agreement.
The property is listed with an asking price of 21,800,000 JPY. Financial projections based on full occupancy suggest a potential monthly rent of 118,000 JPY, leading to an annual assumed rent of 1,416,000 JPY and a surface yield of 6.4%. The current annual rent is listed as 60,000 JPY, resulting in a current yield of 3.3%. The listing is an owner-change opportunity, meaning the property is being sold by the current owner, not a developer.
The surrounding area of Higashiyodogawa is a well-established residential district in northern Osaka. An interesting local fact is that the nearby Yodogawa River was historically a major transport route and is now lined with extensive parks and cycling paths, offering recreational space for residents. For visitors and residents alike, a major tourist attraction within easy reach is the iconic Osaka Castle, a historic landmark and museum set in sprawling park grounds, accessible via the city's efficient metro network.
