"Chiasso: Rental Palace with 19 Units"

Rental property in the heart of Chiasso, consisting of 19 units, both residential and commercial, strategically located, just a few steps from the station, the Italian border, and all major services.
The property offers immediate income and significant potential for appreciation, thanks to underutilized units, below-market rents, and possibilities for internal conversion.

General data

.Type: residential and commercial rental property
.Total units: 19
-14 apartments
-5 commercial units/warehouses
-3 outdoor parking spaces

.Main renovation: 1992 (complete renovation)
.Further interventions: summer 2024 (façade, balconies, roof, 4 apartments renovated)

Areas

.Land area: 781 m²
.Rentable area: 1'877 m²
.Distribution over 4 floors

Legal and technical status
Zone: core zone

Building restrictions

.NOT historically protected
.No registration in the list of polluted sites

Maintenance status: good general condition, no urgent measures planned
Structure: mixed masonry (concrete and stone)
Heating: oil, system in very good condition
Windows: wood double glazing (partly PVC triple glazing)

Yield
Current situation (IST)

.Annual income: CHF 211'440.-
.Yield IST: 4.32 %
.3 units currently unrented

Full rental (SOLL current)

.Annual income: CHF 261'240.-
.Expected yield: 5.33 %

Appreciation scenario (with investment)

.Estimated investment: CHF 460'000.-

Note: Conversion of a large unit (former office with 8 rooms) into approx. 4 apartments

.Potential income: CHF 290'400.- per year
.Expected yield: 5.42 %

Financial projection (bank loan)

.Estimated equity: 30 %
.Return on equity: approx. 8 %
.Positive cash flow even after amortization and interest