A compelling investment opportunity located in Osaka's thriving Chuo Ward. This 10-story, plus one basement, steel-reinforced concrete building was constructed in October 1985. It comprises 1220 square meters of total floor area, sitting on a 240 square meter land plot. The building is designed for mixed-use, featuring 23 shared residences/workshops/offices and 4 additional storage units, making it versatile for various tenant needs. Strategically positioned at Minamisenba 1-chome 3-21, 'Grass Coat' boasts exceptional connectivity, being within walking distance of four major subway stations. Nagahoribashi Station and Matsuyamachi Station are just a 4-minute stroll, while the bustling Shinsaibashi Station and Tanimachi Rokuchome Station are within a 10-minute walk. This superb access ensures high demand for both residential and commercial units, providing a stable income stream for investors. Offered at JPY 700,000,000, this property demonstrates strong financial potential. The current monthly income stands at JPY 2,051,150, resulting in an annual yield of 3.52%. Upon full occupancy, the projected monthly income rises to JPY 2,775,850, offering an impressive annual yield of 4.76%. Located in a prime commercial area, this building represents a solid asset with significant appreciation potential in Osaka's dynamic real estate market. Comprehensive details are available with a confidentiality agreement.
