Affordable Investment Opportunity in Osaka's Convenient Suburbs
This property presents a compelling investment opportunity in the form of a two-story, wood-framed terraced house located in Osaka's Higashiosaka City. Priced at a very accessible 4.2 million yen, it is currently tenanted, offering immediate rental income with a stated gross yield of 12.8%. The property is conveniently situated within a 10-minute walk from Hatenoshi Station on the Kintetsu Nara Line, providing direct access to central Osaka and Nara.
The house itself, built in May 1961, features a compact yet functional 2DK layout with a total floor area of 39.50 square meters. The land area is 27.37 square meters (based on the official registry). The property is equipped with a system kitchen, a counter kitchen, an IH cooktop, a gas cooktop, a bath with reheating function, a bathroom dryer, a washbasin with shower, a bidet toilet seat, a walk-in closet, storage in all rooms, a TV monitor door phone, and underfloor heating. Key features noted by the agent include all-electric capability, barrier-free design, a south-facing orientation, and parking availability. Other equipment includes public water supply, city gas, a balcony, and flooring.
Special notes from the agent (備考/Remarks) indicate the property is located in a quasi-fire prevention zone and has level differences within the plot. The property number is 163105-747. The agent also clarifies that the yield is 12.8% and that the contract will be for the land with a building免责 clause.
The surrounding area of Higashiosaka is a densely populated, convenient suburb of Osaka. An interesting local fact is that Higashiosaka is historically known as a major manufacturing hub, sometimes called the "City of Monozukuri" (manufacturing/craftsmanship), with countless small and medium-sized factories producing everything from screws to aerospace components. For recreation, residents can easily access the bustling districts of Namba and Umeda via train. A notable nearby landmark is Shitennō-ji Temple, one of Japan's oldest Buddhist temples, founded in 593 AD, located a short train ride away in Tennoji Ward.
