Rental property in the heart of Chiasso, composed 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 combines immediate income stability 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 external 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

Constraints

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

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

Rentability
Current situation (IST)

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

Full rental situation (SOLL current)

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

Appreciation scenario (with investment)

.Estimated investment: CHF 460'000.-

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

.Potential income: CHF 290'400.-/year
.Expected return: 5.42 %

Financial projection (bank loan)

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