Investment Opportunity: Owner-Change Apartment in Nishi Ward, Osaka

This well-positioned apartment in the El Bel Royal 16 building offers a compelling investment opportunity in the heart of Osaka's Nishi Ward. The property is currently tenanted under an owner-change arrangement, providing immediate rental income. The monthly rent is 39,000 yen, with a common area fee of 5,930 yen, totaling 44,930 yen per month. Additionally, a monthly water utility fee of 2,000 yen is applicable. The annual rental income amounts to 504,000 yen, yielding a gross return of approximately 6.5%.

The apartment is located on the second floor of a 16-story building constructed in June 1982. It features a layout of one room with a dedicated bathroom and toilet, a balcony, and flooring throughout. The building is constructed of steel-framed reinforced concrete (SRC) and includes a full-time building manager during the day, an elevator, and an auto-lock security system. Utility connections include city gas, public water supply, and a sewer system. Parking is available on-site (subject to availability), and pets are allowed upon consultation.

Situated in the Edobori 1-chome area, the property enjoys excellent access to public transportation. It is a five-minute walk from Awaza Station on the Osaka Metro Chuo Line and an 11-minute walk from Nakanoshima Station on the Keihan Nakanoshima Line. The neighborhood offers convenient amenities, including the Life Awaza Station front supermarket (6 minutes on foot), Honda Elementary School (7 minutes), and Hananoi Junior High School (9 minutes). Other nearby facilities include the Gyomuyo Shokuhinkan Tamagawa store (9 minutes), Nakanoshima Iwaki Hospital (12 minutes), and the Osaka Nishi Post Office (6 minutes).