For SaleCondominium

Kintetsu Nanko Garden Heights Building 24

Nankonaka 4-chome, Suminoe-ku, Osaka-shi, Osaka
Asking Price
¥16,500,000
Est. Net Yield: 3.82%
Kintetsu Nanko Garden Heights Building 24 - 1/11
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Executive Summary

This is a 4th-floor unit in Kintetsu Nanko Garden Heights Building 24, a 14-story SRC (steel-framed reinforced concrete) condominium built in April 1980, located in Nankonaka 4-chome, Suminoe-ku, Osaka-shi, Osaka. It is located a 6-minute walk from Port Town-higashi Station and Port Town-nishi Station, and a 15-minute walk from Nakafuto Station on the Nanko Port Town Line. The floor area is 65.5 sqm and the balcony area is 10.33 sqm, with an east-facing 3LDK layout. The property is equipped with features such as a system kitchen with a dishwasher and a bathroom dryer, and interior renovations including the replacement of plumbing fixtures and new wallpaper across all rooms were completed in June 2026. The elevator stops on this floor. The land rights are ownership, the current status is vacant, and immediate delivery is available. Nearby facilities include a post office (169 m, 3-minute walk), an elementary school (324 m, 5-minute walk), commercial facilities (393 m, 5-minute walk), and a convenience store (431 m, 6-minute walk).

Property Details

Building Area
65.5 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
SRC
Built Year
1980
Floors
Floor 4 of 14
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥850,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Freehold

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
近鉄住宅管理
Owners' association
Yes
Total units
221 units

Utilities & nearby

To elementary school
about 324 m
To junior high school
about 570 m

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield5.15%
Est. Net Yield3.82%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.15%
Est. Net Yield
3.82%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥16,750,000+¥630,000¥880,0005%-1.8%
2yr¥17,000,000+¥1,260,000¥1,760,0009.9%1.6%
3yr¥17,250,000+¥1,890,000¥2,640,00014.9%2.7%
4yr¥17,510,000+¥2,520,000¥3,530,00020%3.3%
5yr¥17,780,000+¥3,150,000¥4,430,00025%3.6%
6yr¥18,040,000+¥3,780,000¥5,320,00030.1%3.9%
7yr¥18,310,000+¥4,410,000¥6,220,00035.2%4%
8yr¥18,590,000+¥5,040,000¥7,130,00040.3%4.1%
9yr¥18,870,000+¥5,670,000¥8,040,00045.4%4.2%
10yr¥19,150,000+¥6,300,000¥8,950,00050.6%4.2%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥1,200,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥610,500
Real Estate Acquisition Tax (est., rate varies by property type)¥290,000
Registration License Tax (title transfer)¥140,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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Book a Private Viewing or Online Consultation

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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