Investment Opportunity in Osaka: A Multi-Unit Building with Established Rental Income
This property presents a unique owner-change investment opportunity in Higashiosaka City, Osaka Prefecture. It is a four-story steel-framed building constructed in February 1998, offering a versatile layout that can be divided by floor for easy rental management. The building is currently fully tenanted, providing immediate rental income. The first to third floors, which can be used for parking, shop/office, and residential purposes, are leased until the end of October 2027 for 100,000 yen per month. The fourth-floor residential unit is also leased for 50,000 yen per month, resulting in a projected annual rental income of 1.8 million yen and an estimated yield of 12%.
The property sits on a 75.2 sqm land parcel (approximately 22.74 tsubo) under the old law leasehold right, with a monthly ground rent of 40,000 yen and a lease period of 30 years. The building itself offers a substantial total floor area of 181.79 sqm (approximately 54.99 tsubo). The layout is designated as 1LDK. Key equipment and features include a heated toilet seat, bathroom dryer, a bathroom over 1 tsubo in size, a system kitchen, a counter kitchen, a bay window, a monitor-equipped intercom, city gas, electricity, and sewerage. It is important to note that the cost for the name change of the leasehold right will be borne by the seller.
The location is highly convenient, within a 10-minute walk from Shinshikiri Station on the Kintetsu Keihanna Line and a 7-minute walk from Nukata Station on the Kintetsu Namba/Nara Line. The area is part of the City Planning Area's urbanization zone and is designated as a Category II Residential District. The property is set back on two sides (north and east, excluding corner lots).
Higashiosaka is a vibrant city known for its manufacturing heritage, often called the "town of factories." An interesting local fact is that it is home to the famous Koshien Stadium, the spiritual home of Japanese high school baseball, though the stadium itself is in Nishinomiya. A major tourist attraction easily accessible from this location is the iconic Osaka Castle, a historic landmark surrounded by beautiful park grounds, approximately a 30-minute train ride away.
