Renovated Investment Property in Ibaraki, Osaka
This property is a two-story wooden detached house built in July 1972, located in Ibaraki City, Osaka Prefecture. It is currently tenanted, offering an immediate investment opportunity. The property features a 3DK layout with rooms sized at 5.2, 6, and 7 tatami mats, plus a 6-tatami mat dining-kitchen area. The total building area is 51.98 sqm (approximately 15.72 tsubo) on a land area of 35.77 sqm (approximately 10.82 tsubo). The property has undergone extensive renovations, including a complete water system update in December 2017 (kitchen, bathroom, toilet, washbasin) with an additional toilet renovation in June 2024. Interior renovations from December 2017 include flooring and windows, with second-floor windows replaced in March 2019. Exterior renovations from December 2017 cover the outer walls and roof, with exterior wall painting completed in March 2019.
Important agent notes specify that the property does not meet road frontage requirements, making it impossible to rebuild. The transaction is a general intermediary representation, and the seller is exempt from liability for contract non-conformities. The property is an owner-change listing. The annual projected rental income is 756,000 yen with an expected yield of 4.5%. The land is designated as residential land within a City Planning Area (Urbanization Promotion Area) under the Second Category Residential District zoning, with a building-to-land ratio of 60% and a floor area ratio of 200%. The terrain is flat.
The property is conveniently situated within an 8-minute walk from Hankyu Kyoto Line's Ibarakishi Station and a 10-minute walk from JR Tokaido Main Line's Ibaraki Station. The area is well-served by daily amenities, including a Hankyu Oasis supermarket and a Gyomu Super store. An interesting local fact is that Ibaraki City is home to the Ibaraki City History and Folklore Museum, located in a preserved traditional building. The closest major tourist attraction is the stunning Osaka Castle, a historic landmark approximately 30 minutes away by train, offering beautiful gardens and a museum detailing the region's samurai history.
