Affordable Investment Property in Higashiosaka
This property is a single-story wooden house built in January 1948, making it 79 years old. It is currently tenanted, presenting an immediate investment opportunity with an estimated gross surface yield of approximately 20% after deducting land rent. The property is situated in the 2-chome area of Rokumanji-cho, Higashiosaka City, Osaka Prefecture.
The property features a 2K layout with a total floor area of 34.94 square meters on a land plot of 65.02 square meters (official register). It is a south-facing unit, ensuring good sunlight. The location offers convenient access, being a 19-minute walk from Hyotan-yama Station on the Kintetsu Namba/Nara Line and a 2-minute walk from the "Shimo-Rokumanji 1-chome" bus stop.
Key equipment and features include a system kitchen, IH cooking hob, bath with reheating function, bathroom dryer, washbasin with shower, toilet with bidet seat, walk-in closet, storage in all rooms, TV monitor-equipped doorphone, and underfloor heating. The property is all-electric and barrier-free. Utilities include public water supply and city gas. The monthly land rent is 8,300 yen, and the leasehold right under the old law is valid until December 2040. The current monthly rental income is 43,000 yen (including common area fees).
The property is located in an Urbanization Area, zoned as Category I Medium-to-High-Rise Exclusive Residential District. The building coverage ratio is 60% and the floor area ratio is 160%. The access road is a 4.0-meter wide private road to the south.
