8.5% net return in Shin Osaka
This deal came into the office today. 8 minutes from Shin Osaka, on the 8th floor of a 13 floor building. The building was constructed in 1980 with 181 apartments. A west facing 18.5 square meter apartment with a 2 square meter balcony. The current tenant pays ¥600,000 rent per year, the monthly management fees are low at ¥8.862 and annual tax is ¥23,000.
This is a solid investment in a build building in a much sought after area. Contact JPI today for 10.3% gross return and 8.5% net return.