Prime Real Estate Opportunity: Condominium Complex in Osaka

Discover a lucrative investment at the heart of Osaka with the La Mer Setouchi condominium compleex. Strategically located just a 10-minute walk from Nishitanabe Station on the Midosuji Line, this 6-story reinforced concrete complex, built in April 1988, is a gem for investors seeking stable returns and long-term value.

Property Highlights:

• Spacious Units:
  18 well-designed 2LDK units, offering a perfect blend of comfort and functionality.
• Sturdy Construction:
  6-story reinforced concrete, ensuring durability and structural integrity.
• Generous Space:
  A total floor area of 335.53㎡ and a land area of 816.44㎡ for ample living and outdoor spaces.

Investment Details:

• Listed Price: ¥230,000,000
• Gross Yield: 6.60%
• Annual Rent Income: ¥15,182,400
• Current Gross Yield: 6.52%
• Current Annual Rent Income: ¥15,002,400

Osaka City Insights:

• Population: 2,773,417
• Population Density: 12,315 people/km²

Investment Performance:

• Attractive Returns:
  An enticing 6.60% gross yield, supported by an annual rent income of ¥15,182,400.
• Steady Performance:
  Current gross yield at 6.52%, with a reliable current annual rent income of ¥15,002,400.

Market Trends:

• Growing Population:
  Osaka City's population of 2,773,417 underscores the high demand for housing.
• Strategic Location:
  Close proximity to Nishitanabe Station enhances the property's market appeal.

Notes from the Seller:

*CA required for more information

*Attached floor-plan is for one of the units, the whole building is for sale. Please be aware that this property may have already been sold by the time you view it*
*Exchange rate calculated Mar 2, 2024, 09:16 UTC at 1 USD = 150.113 JPY*