Investment Opportunity: Spacious Terraced House with Tenant in Place in Sakai, Osaka
This property presents a compelling investment opportunity as a used terraced house currently under tenancy, allowing for immediate rental income generation. The house is located in the Hamadera Ishizu-cho area of Sakai City's Nishi Ward, Osaka Prefecture, offering excellent access via multiple train lines. The nearest station, Ishizu on the Hankai Tramway Hankai Line, is approximately a 5-minute walk away, with Ishizukita Station (13-minute walk) and Ishizugawa Station on the Nankai Main Line (13-minute walk) providing additional connectivity.
The property itself is a two-story wooden structure built in January 1968. It features a generous layout of 8SDK, providing ample living space across a total floor area of 76.42 sqm (approx. 23.11 tsubo). The land area is 55.68 sqm (approx. 16.84 tsubo) with a building-to-land ratio of 80% and a floor area ratio of 200%. A key feature is the inclusion of a parking space capable of accommodating one small car, though size restrictions apply—a highly desirable amenity for tenants. The property is equipped with city gas, water supply, and sewer systems.
Special Notes & Equipment (Translated from Agent Remarks): This is an owner-change property with a current monthly rent of 53,000 yen. The parking space is suitable for one small car (with size restrictions). The annual projected rental income is 636,000 yen, yielding an estimated annual return of 7.48%. The land rights are ownership, and the property is located in an Urbanization Area zoned as Quasi-Industrial. The property is tenanted, facilitating immediate income upon acquisition. The transfer timing is negotiable.
The area, part of Sakai City, is rich in history and culture. An interesting local fact is that Sakai was once one of Japan's most important and autonomous trading ports during the Sengoku period, famous for its high-quality knife and sword manufacturing, a tradition that continues today. For recreation and tourism, residents are within easy reach of the scenic Hamadera Park, one of Japan's oldest public parks, which features expansive gardens, a large pond, and seasonal flower displays, offering a beautiful natural escape close to the city.
