Renovated Investment Condominium in Serene Minoh
This is a listed sale of a mid-sized condominium unit located in Minoh City, Osaka Prefecture. The property is a 2LDK layout with a wall-core exclusive area of 53.87 sqm (approximately 16.29 tsubo), situated on the 1st floor of a 5-story reinforced concrete (RC) building constructed in February 1975. The unit underwent a comprehensive interior renovation in January 2022, which included new flooring (hardwood and tatami replacement), complete wall and ceiling papering, renewal of interior doors and fittings, and a full refurbishment of the kitchen, toilet, and washbasin area. The balcony, facing south, measures 6.33 sqm, offering good sunlight, ventilation, and views.
Key equipment and features include a system kitchen, separate bath and toilet, washstand, toilet with warm-water bidet seat, storage in all rooms, lighting fixtures, indirect lighting, and city gas. Special notes highlight the property's location in a green, residential area with excellent sunlight, views, and ventilation. The remarks detail the 2022 renovation, listing the renewal of the kitchen, toilet, fittings, washstand, wallpaper, flooring tiles, tatami mats, fusuma sliding doors, intercom, and more.
Currently tenanted, this is an owner-change investment property. The annual scheduled rental income is 900,000 yen, yielding a surface return of 9.01%. Monthly costs include a 4,000 yen management fee and a 6,600 yen repair reserve fund. Parking is available for an additional 6,000 yen per month. The building is managed by a management union with a daytime superintendent on a partially outsourced basis.
The area of Minoh is famous for its natural beauty, being part of the Meiji no Mori Minoh Quasi-National Park. It is particularly renowned for Minoh Park (Minoo Park), a scenic spot especially popular in autumn for its stunning maple trees and the picturesque Minoh Waterfall. The property offers a peaceful residential setting while being within reasonable access to urban amenities.
