Compact Investment Apartment in Historic Tennoji, Osaka

This property is a compact 1K apartment located on the 6th floor of a 10-story reinforced concrete building constructed in November 1999. The unit offers a wall-core exclusive area of 20 square meters (approximately 6.05 tsubo) and includes a 3.45 square meter balcony with a primary western exposure. The property is currently tenanted, providing an immediate income stream. The annual projected rental income is 636,000 yen, yielding an estimated annual return of 5.88%. The building is under fully delegated, patrol-based management.

Key equipment and features include city gas. Important special notes (特記事項) indicate that the lease has been under a corporate contract since 2011 and that a guarantee company is in place, alleviating concerns about rent arrears. The location is noted for its convenient three-way access and excellent proximity to the station, just a one-minute walk away.

The apartment is situated in the historic Tennoji ward of Osaka, an area rich in culture. A fascinating local fact is that the district is named after the renowned Shitennoji Temple, one of Japan's oldest officially administered temples, founded in 593 by Prince Shotoku. The property is just a short walk from the Shitennoji-mae Yuhigaoka Station on the Osaka Municipal Tanimachi Line. The closest major landmark is the iconic Shitennoji Temple itself, a major tourist attraction and a serene oasis amidst the urban landscape.