Affordable Terraced House Investment in Neyagawa City

This property is a two-story wooden terraced house located in Kurohara Asahi-cho, Neyagawa City, Osaka Prefecture. It is situated approximately a 25-minute walk from Kayashima Station on the Keihan Electric Railway Keihan Line. The property is currently tenanted, generating a monthly rental income of 39,000 yen, which translates to a high yield of 18.7%. The land is held under an old-law leasehold right (旧法賃借権) with a lease fee of 12,030 yen and a lease term until November 2030.

The house has a total floor area of 37.23 square meters with a 3DK layout. The land area is 44.19 square meters (based on the official registry). It was built in July 1970, making it 56 years old. The property features a free parking space suitable for a light vehicle. The building faces south. The property utilizes city gas, which is noted as being relatively inexpensive and environmentally friendly. A supermarket is located within a 100-meter radius (about a 2-minute walk).

Key equipment and features include a system kitchen, a counter kitchen, an IH cooking hob, a gas cooking hob, a bath with reheating function, a bathroom dryer, a washbasin with shower, a washlet toilet seat, a walk-in closet, storage in all rooms, a TV monitor doorphone, and floor heating. The property is all-electric and barrier-free. Other facilities include public water supply, city gas, sewer system, a private bath, a private toilet, and a balcony.

The surrounding area offers convenient amenities: Neyagawa City Keimei Elementary School is 270 meters away, Neyagawa City Dai-ku Junior High School is 820 meters away, a convenience store is 370 meters away, a supermarket is 100 meters away, a general hospital is 1,130 meters away, a park is 250 meters away, a drugstore is 700 meters away, and a bank is 150 meters away. The property is listed for sale at 2,500,000 yen.