Arm Building; blue apartment tower in Osaka
5-chōme-10-36 shōnai Higashimachi,Toyonaka city, OsakaBasics
- Category: Apartment
- Area: 389.13 m²
- Lot size: 137.09 m²
- Parking Spaces: 0
- Year built: 01/01/91
Description
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Description:
A peculiar and tall-standing, modernistic apartment complex. One of two "arms"(right) is available for purchase, a 5 minute walk from Shōnai station on the "Takarazuka" Line.
This 1991 9-story steel frame building towers over the adjacent buildings and is home to 14 units within it's 389.13m² total floor area, fit inside a 137.09m² land lot. The 9 floors are accessed via elevator, and although this building does not have a car-park space it has plenty of room for tenant bicycles, which they may use for transport to nearby amenities.
This property is currently listed in Japan for ¥152,000,000 and has a 5.85% current yield, with a forecast 7% full room yield.
Notes from the Seller:
*¥8.894.400 Current annual rent income (yearly)
*¥10.624.800 Assumed full annual rental income*Exchange rate calculated Nov 27, 2023, 07:47 UTC at 1 USD = 148.95 JPY*