"RENTAL PALACE IN THE CENTER OF CHIASSO"
Purchase price
CHF 4,900,000.–
Notify on price drop
Rooms
19
Living space
1,877 m2
Location
6830 ChiassoCosts
- Purchase price:
- CHF 4,900,000.–
- Notify on price drop
Main information
- Available from:
- By agreement
- Type:
- Multi-family house
- No. of rooms:
- 19
- Surface living:
- 1877 m2
- Year built:
- 1940
Documents (0)
Description
In the heart of Chiasso, we offer for sale an interesting rental property composed of 19 units between residential and commercial, with significant potential for valorization.
Strategic and central position, a few steps from the cantonal bank, shops, restaurants, train station, bus stop, and Italian border.
The building was the subject of a major renovation in the summer of 2024: the facade, balconies, roof dome, and 4 apartments with quality finishes (new kitchens, bathrooms, floors, etc.).
The renovated apartments have been re-rented with rents higher by 10-30%. The remaining units are currently rented at low prices and present a notable potential for increase. A large space of 8 rooms currently unoccupied could also be converted, creating 4 additional apartments. A feasibility study has already been developed and is feasible.
COMPOSITION:
14 Apartments (on 4 floors)
- 4 x 2.5 rooms (66-67 m²)
- 5 x 3.5 rooms (96 m²)
- 4 x 4.5 rooms (127 m²)
5 Commercial spaces
- 4 shops/offices/warehouses (117 m² - 233 m²)
- 1 warehouse (40 m²)
INCOME SITUATION
- Current monthly income: CHF 17,620
- Monthly income at full rental: CHF 19,770 (excluding office 8 rooms - CHF 2,000)
- Effective annual income: CHF 211,440
- Current gross yield: 4.32% - 4.8%
Solid opportunity for investors looking for a rental property in a strategic location in Mendrisiotto, a few steps from the Italian border and well connected to main services and infrastructure.
For further financial information (rental income, technical documentation) and a visit on site, we remain at your disposal.
Strategic and central position, a few steps from the cantonal bank, shops, restaurants, train station, bus stop, and Italian border.
The building was the subject of a major renovation in the summer of 2024: the facade, balconies, roof dome, and 4 apartments with quality finishes (new kitchens, bathrooms, floors, etc.).
The renovated apartments have been re-rented with rents higher by 10-30%. The remaining units are currently rented at low prices and present a notable potential for increase. A large space of 8 rooms currently unoccupied could also be converted, creating 4 additional apartments. A feasibility study has already been developed and is feasible.
COMPOSITION:
14 Apartments (on 4 floors)
- 4 x 2.5 rooms (66-67 m²)
- 5 x 3.5 rooms (96 m²)
- 4 x 4.5 rooms (127 m²)
5 Commercial spaces
- 4 shops/offices/warehouses (117 m² - 233 m²)
- 1 warehouse (40 m²)
INCOME SITUATION
- Current monthly income: CHF 17,620
- Monthly income at full rental: CHF 19,770 (excluding office 8 rooms - CHF 2,000)
- Effective annual income: CHF 211,440
- Current gross yield: 4.32% - 4.8%
Solid opportunity for investors looking for a rental property in a strategic location in Mendrisiotto, a few steps from the Italian border and well connected to main services and infrastructure.
For further financial information (rental income, technical documentation) and a visit on site, we remain at your disposal.
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Contact
- Listing ID
- 4003566360
- Object ref.
- AM05V