Rooms
19
Living space
1,877 m2
Selling price
CHF 4,900,000.–
Notify on price drop
"RENTAL PALACE IN THE CENTER OF CHIASSO"
Address
6830 ChiassoPrice
- Purchase price:
- CHF 4,900,000.–
- Notify on price drop
Main information
- Availability:
- 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 consisting of 19 units, both residential and commercial, with significant potential for valorization.
Strategic and central position, just a few steps from the cantonal bank, shops, restaurants, train station, bus stop, and Italian border.
The building underwent a major renovation in the summer of 2024: the facade, balconies, roof dome, and 4 apartments were renovated with high-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 significant potential for increase. A large, currently unused space of 8 rooms could also be converted into 4 additional apartments. A feasibility study has already been prepared 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)
RENTAL 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, just a few steps from the Italian border and well connected to main services and infrastructure.
For further financial information (rental income, technical documentation) and on-site visit, we are at your disposal.
Strategic and central position, just a few steps from the cantonal bank, shops, restaurants, train station, bus stop, and Italian border.
The building underwent a major renovation in the summer of 2024: the facade, balconies, roof dome, and 4 apartments were renovated with high-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 significant potential for increase. A large, currently unused space of 8 rooms could also be converted into 4 additional apartments. A feasibility study has already been prepared 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)
RENTAL 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, just a few steps from the Italian border and well connected to main services and infrastructure.
For further financial information (rental income, technical documentation) and on-site visit, we are at your disposal.
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Contact
- Listing ID
- 4003097990
- Object ref.
- AM05V