Estem Court Shin-Osaka: A Compact Investment Apartment in a Prime Location
This property is a compact 1K apartment located within the Estem Court Shin-Osaka building in Miyahara, Yodogawa Ward, Osaka. With a private floor area of 19.1 sqm (approximately 5.77 tsubo), this unit is situated on the 9th floor of an 11-story reinforced concrete building constructed in November 1998. The apartment faces north and features a 3.24 sqm balcony.
Critical agent notes provide essential information for potential investors. The property is currently tenanted, and the lease agreement must be transferred to the new owner. As the unit is occupied, interior viewings are not possible. It is also noted that the current layout may differ from the original subdivision brochure due to potential modifications. The listed yield of 5.5% is a surface yield, calculated as the ratio of annual rental income (including common service fees) to the sale price, before deducting taxes, public charges, and other necessary maintenance expenses. The assumed rent and yield are calculated based on market rates, adding estimated rent for any vacant portions to simulate full occupancy. It is crucial to understand that future rental income is not guaranteed. This information is current as of March 5, 2026.
The apartment offers strong access to multiple train lines, being a 5-minute walk from Higashi-Mikuni Station on the Osaka Metro Midosuji Line, a 6-minute walk from Higashi-Yodogawa Station, and an 8-minute walk from the major Shin-Osaka Station, both on the JR Tokaido Line. Monthly fees include a management fee of 7,230 yen, a repair reserve fund of 5,280 yen, and a fixed water usage fee of 1,700 yen. The building is managed by Estem Management Service Co., Ltd.
The surrounding area of Shin-Osaka is a major transportation hub, not only for the Shinkansen but also for local and regional rail networks. An interesting local fact is that the area is home to the Osaka International Convention Center (Grand Cube Osaka), a striking modern architectural landmark. For recreation and tourism, the iconic Osaka Castle, one of Japan's most famous landmarks, is a short train ride away, offering historical significance and beautiful park grounds.
