Investment Opportunity: Renovated Terrace House Near Hiraoka Station
This property is a two-story wooden terrace house located in Izumoiimoto-cho, Higashiosaka City, Osaka Prefecture. It is currently tenanted, generating a monthly rental income of 40,000 yen, which translates to an annual income of 480,000 yen and a surface yield of 13.7%. The property is conveniently situated just a 5-minute walk from Hiraoka Station on the Kintetsu Namba/Nara Line, providing excellent access to central Osaka and Nara.
The house has a total floor area of 47.33 square meters with a 4K layout. The land area is 44.03 square meters (official registry). It was built in August 1964, making it 62 years old. The property includes features such as a system kitchen, shower-equipped vanity, and a washlet toilet seat for added comfort and hygiene. It utilizes city gas, which is noted for being relatively inexpensive and environmentally friendly. Other equipment includes public water supply, sewer system, shower, air conditioning, balcony, and flooring.
Special notes from the agent indicate that due to aging, warping and tilting are observable in the structure. The property will be handed over in its current condition, and the seller will not bear responsibility for contract non-conformities. The property is located within a quasi-fire prevention zone. Nearby facilities include Hiraoka Elementary School (1,037m), Hiraoka Junior High School (407m), and Hiraoka Station (374m).
