Renovated 4DK House in Moriguchi with Rental Income Potential
This property is a 4DK detached house located in Moriguchi City, Osaka Prefecture. It is situated approximately an 11-minute walk from Nishisanso Station on the Keihan Electric Railway Keihan Line, offering convenient train access. The property is currently tenanted, representing an owner-change opportunity with an existing rental income stream.
Key features and equipment include a monitor-equipped doorphone for security and peace of mind. The property utilizes propane gas, which provides strong火力 (high heat output) for quick bath heating and cooking, and offers faster utility restoration in the event of a disaster. The toilet is fitted with a cleansing功能 seat (shower toilet/washlet). The kitchen is a system kitchen with a counter. The house includes a walk-in closet and storage in all rooms. Additional features are underfloor heating, a south-facing orientation, and parking for one vehicle (free of charge). The property is also equipped with a bath reheating function, a bathroom dryer, and a washbasin with a shower attachment.
Special notes indicate that renovations were carried out in August of Reiwa 5 (2023), which included the renewal of the toilet, kitchen, and washbasin, installation of bathroom panels, and replacement of the flooring in each room. There is an approximately 6-jo (roughly 9.9 sqm) attic storage space accessible from three different points. The land is held under an old-law leasehold right (旧法賃借権) with a ground rent of 20,900 yen per month and a lease term until July 2041. The annual net income calculation is provided: annual income of 1,044,000 yen minus annual ground rent of 250,800 yen equals an annual net of 793,200 yen, yielding an approximate return of 8.91%. It is important to note that the property is designated as non-rebuildable (再建築不可). The surrounding area includes Moriguchi City Yagumo Higashi Elementary School within a 528-meter radius (approx. 7-minute walk).
