Property Overview
This is a used terrace house located in Higashi Ishikiri-cho, Higashiosaka City, Osaka Prefecture, offered for sale at 2,700,000 yen. The property features a 2LDK layout with a total floor area of 38.70 square meters spread over two floors. The building was constructed in February 1979 and sits on a land area of 38.85 square meters (official registry). The building coverage ratio is 60% and the floor area ratio is 200%.
The property is an owner-change (owner-occupied) investment opportunity with a current rental yield of 16.4%. The monthly rent is 37,000 yen (from June 2025 onwards). The property is currently tenanted and the delivery date is negotiable. The annual expected rental income is 444,000 yen. The land is under ownership rights and is zoned as a Category 1 medium-to-high-rise residential district within an urbanization promotion area.
The property is connected to city gas, electricity, mains water, and mains sewerage. There is a balcony. No parking is available. The property has a west-facing frontage on a 2.2-meter-wide private road with a 3.6-meter frontage. Please note that due to the row-house application, the property does not meet the road access obligation for a single rebuild, meaning rebuilding independently is not possible. The fixed asset tax for the 2025 fiscal year is approximately 12,000 yen per year. The current building company representative has a lease agreement, and four employees are residing there. In 2025, a water leak occurred from the second-floor washing machine water tap. Insurance was used to replace the balcony waterproofing and the in-wall piping for the washing machine water tap, and there is currently no leak. However, because the property was occupied, interior wallpaper replacement could not be carried out.
The property is a 6-minute walk from Nukata Station on the Kintetsu Namba/Nara Line, a 12-minute walk from Ishikiri Station, and a 16-minute walk from Hiraoka Station. Nearby amenities include a FamilyMart convenience store (3-minute walk), a Zen-Nichishoku supermarket (6-minute walk), and a Kusuri no Aoki drugstore (16-minute walk).
