Investment Opportunity: Spacious 2K Apartment in Kashiwara, Osaka
This property is a 35.7 m² (approximately 10.79 tsubo) 2K layout apartment located on the 2nd floor of a 4-storey steel-framed building constructed in August 1971. The apartment features a Japanese-style room of 6 tatami mats, another Japanese-style room of 4.5 tatami mats, and a kitchen space of 7.5 tatami mats. It includes a 2 m² balcony with primary sunlight exposure from the east. The property is currently tenanted, generating a projected annual rental income of 300,000 yen, which results in an estimated annual yield of 10.06%. The monthly management fee is 10,000 yen, and there is no repair reserve fund. Parking is not available.
Key equipment and features include a shower room, a bathroom with a window, storage in all rooms, a washing machine space, and propane gas for water heating. Special notes indicate an owner change is planned. The management is fully entrusted to a management union, with Japan Housing Co., Ltd. serving as the management company. The transaction is under an exclusive dedicated agency. The property comes with inspection, defect warranty, defect insurance, and performance evaluation. The land is designated as a quasi-industrial zone and is covered by the Land and Building Transaction Law.
The property is situated in the Kashiwara City area of Osaka Prefecture, a region rich in history. An interesting local fact is that Kashiwara is home to the ancient burial mound, the Hakuchoryo Kofun. The area offers convenient daily living with several supermarkets and convenience stores nearby, including a Daily Kanat Izumiya store just 517 meters away. For a major tourist attraction, residents can easily visit the historic Shitennō-ji Temple in Osaka City, one of Japan's oldest Buddhist temples, founded in 593.
