Overview of Asahi Puraza Nakatsu (朝日プラザ中津)
Asahi Puraza Nakatsu (朝日プラザ中津) is a 41-year-old condominium located at Oosakashi Kitaku Nakatsu 3 Choume 29-32 (大阪市北区中津3丁目29-32), Osaka, Japan. Built in 1985, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,380〜3,780万円 (approx. $92,000–$252,000 USD at ¥150/$).
Unit sizes range from 49.9–62.0 sqm (537–667 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥74.1万/sqm (approx. $4,940/sqm or $459/sqft).
Location & Neighborhood
The property is located at Oosakashi Kitaku Nakatsu 3 Choume 29-32 (大阪市北区中津3丁目29-32), Osaka, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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