Ikuno

Multifamily building
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Description

A residential building is offered for sale, distinguished by its attractive location in the Ikuno district of Osaka. The property, built in 1988, features a solid steel structure, ensuring its durability and stability. The building consists of five stories and includes 17 residential units, of which 16 are currently rented, resulting in full occupancy.

Thanks to effective property management, investors can expect a moderate return on investment of 7.64%. Despite the lack of parking, the proximity to train stations and local transport connections enhances the appeal of the offer for potential tenants. The property is an excellent solution for those seeking a stable source of passive income.

City Description

Ikuno is a district located in the city of Osaka, part of a larger agglomeration in the prefecture of the same name. It is known for its cultural diversity, making it one of the most interesting places in the Kansai region. One of the most distinctive features of Ikuno is the presence of a large Korean community, which is reflected in the local culture, cuisine, and numerous festivals held throughout the year. One of the main tourist attractions in Ikuno is Korea Town, an area filled with Korean restaurants, shops, and stalls offering both authentic dishes and a variety of products from Korea. This place attracts both local residents and tourists who want to experience a different culture without leaving Osaka. Korea Town becomes especially popular during festivals such as Seollal, the Korean New Year, which is celebrated with distinctive grandeur and color. Ikuno is also home to many temples and historical sites that reflect the rich history of the region. One of them is the Shitenno-ji temple, one of the oldest Buddhist temples in Japan, located a short distance from Ikuno, offering insight into the traditional architecture and spirituality of this country. Residents and visitors can also enjoy numerous parks that provide quiet places to relax amidst the urban hustle and bustle. Ikuno also features excellent transport links, making it easy to explore the entire Osaka region. With its well-developed subway and train network, traveling to other parts of the city and nearby tourist attractions is fast and convenient. Therefore, Ikuno is an ideal place for those who wish to discover different facets of Osaka – from its historical and cultural roots to its modern, cosmopolitan atmosphere.

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Price790 970 USD
ProfitabilityProfitability 7.64%
Yearly profit60 430 USD
Monthly profit5036 USD
TypeMultifamily building
LocationIkuno