Mendrisio: Income Property with Warehouse, 13 Garages and 5 Outdoor Parking Spaces
In the heart of Mendrisio, in a central and strategic location, just 400 meters from the FFS station, is a entire income property for sale, representing an interesting investment opportunity. The property enjoys excellent accessibility, being located in close proximity to all major services and public transportation. The building has a yield of 4.45%. The income can be increased to over 5% of the purchase price. The construction consists of twelve 3.5-room apartments with a bathroom, twelve studio apartments, and a commercial and administrative area on the ground floor. The property is complemented by thirteen garages and five outdoor parking spaces, ensuring ample availability of parking for residents and visitors. The internal distribution is functional and well organized. In the basement are the PC shelter, the cellars, the communal laundry room, a storage room, the technical room, and the room for the electrical panels. On the ground floor are an office with storage, the entrance hall with portico, the elevator, and the staircase. From the first to the sixth floor, two 3.5-room apartments with a bathroom and two studio apartments per floor are located, ensuring a harmonious and easily manageable residential structure. Thanks to the prestigious location, excellent yield, and solidity of the investment, this property represents a rare opportunity in the heart of Mendrisio for those seeking a secure and valuable property over time.The residential building is located in Mendrisio, in an area rich in history, culture, and charm. It is embedded in a quiet and well-connected residential area, offering a peaceful and pleasant environment to live or invest. Mendrisio is renowned for its picturesque old town, living traditions, and the quality of its services, including shops, restaurants, renowned schools, and facilities with high comfort. The region is also distinguished by its stunning natural landscapes, with parks and green areas ideal for those who love outdoor activities. The strategic location of the property ensures easy access to the main communication axes, allowing easy reach to the surrounding cities and the main centers of interest in Ticino and Switzerland.Over the years, the building has benefited from important renovation work, which has improved its energy efficiency and living comfort. In 2021, thermal insulation work was carried out with the laying of the external cladding system, the adaptation of the parapets, and the insulation of the roof. Previously, in 1999, the windows were replaced with PVC models, and in 2001, the heating system was modernized, ensuring a modern and functional energy management. However, the interior finishes of the apartments have not been changed.
