Renovated Terrace House in Osaka with Immediate Rental Income
This property is a two-story wooden terrace house built in September 1970, located in the quiet residential neighborhood of Wake-cho, Izumi City, Osaka Prefecture. The property is currently tenanted, offering an immediate yield with an estimated annual return of approximately 8.4%. A comprehensive renovation was completed in November 2024, updating the kitchen, toilet, flooring, walls, and ceilings, ensuring the property is in excellent condition for the next occupant without the need to find a new tenant.
The house features a 3DK layout, comprising two Japanese-style rooms (6-tatami and 3-tatami) and one Western-style room (5.7-tatami). The total building area is 38.83 sqm (approximately 11.74 tsubo), situated on a 29.95 sqm (approx. 9.05 tsubo) plot of land. The property is equipped with modern amenities including a bidet toilet, a bathroom with a window, storage in all rooms, a video intercom, city gas, electricity, and water and sewage systems. Please note that there is no parking space available.
The area of Izumi City offers a peaceful living environment while maintaining good access to daily necessities. An interesting local fact is that Izumi is historically known for its role in the production of traditional Japanese swords. The closest major landmark is the iconic Osaka Castle, a historic fortress and popular tourist attraction located approximately 30 kilometers to the north, easily accessible via the JR Hanwa Line.
