Investment Opportunity in Osaka Sayama: A Well-Maintained Rental Property

This property is a solid investment opportunity located in Osaka Sayama City, Osaka Prefecture. It is a three-story steel-framed house currently tenanted, generating a stable monthly rental income of 98,000 yen. The property boasts an impressive annual yield of 10%. The owner has recently changed, and the house comes with the added security of a rent guarantee company and fire insurance already in place.

Significant renovations have been completed to ensure the property is in excellent condition. In May 2024 (Reiwa 6), exterior wall and roof painting work was carried out, along with balcony waterproofing. Further interior refurbishments were completed in July 2024. These updates include the replacement of the first-floor toilet with a washlet, cosmetic improvements, a new water heater, partial wallpaper replacement, re-tatami matting, shoji screen re-papering, bathroom glass replacement, some screen door re-meshing, and the installation of a new TV antenna.

The property features a 4LDK layout across three floors, with a total building area of 113.22 sqm. It includes two toilets, underfloor storage, closets, and is connected to city gas, electricity, and water/sewer systems. The land area is 63.7 sqm, and the property offers parking space for two vehicles. It is situated within the school districts for Osaka Sayama City Nishi Elementary School and Osaka Sayama City Third Junior High School.

The area of Osaka Sayama offers a suburban residential atmosphere with convenient access to nature and city amenities. An interesting local fact is that the city is home to the Sayamaike Museum, which is built around one of Japan's oldest irrigation reservoirs, Sayama Pond, with a history dating back over 1,400 years. The closest major landmark is the iconic Osaka Castle, a historic symbol of the region located within a reasonable distance, offering beautiful park grounds and a museum.