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, a whole income property is 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 return 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, providing ample parking for residents and visitors. The internal distribution is functional and well-organized. In the basement, there is the shelter, the cellars, the common laundry room, a storage room, the technical room, and the room for the electrical panels. On the ground floor, there is an office with a warehouse, the entrance hall with a portico, the elevator, and the staircase. From the first to the sixth floor, there are two 3.5-room apartments with a bathroom and two studio apartments per floor, ensuring a harmonious and easily manageable residential structure. Thanks to its prestigious location, excellent return, and solidity of the investment, this income 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 a historic, culturally rich, and fascinating neighborhood. It is embedded in a quiet and well-connected residential area, offering a peaceful and pleasant environment for living or investing. Mendrisio is renowned for its picturesque old town, living traditions, and high-quality services, including shops, restaurants, renowned schools, and comfortable facilities. The region is also distinguished by its stunning natural landscapes, with parks and green areas ideal for outdoor activities. The strategic location of the property ensures easy access to the main communication axes, making it easy to reach the surrounding cities and the main centers of interest in Ticino and Switzerland.Over the years, the building has benefited from important renovation work that has improved its energy efficiency and living comfort. In 2021, thermal insulation work was carried out with the installation of external insulation, 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 updated, ensuring modern and functional energy management. However, the interior finishes of the apartments were not altered.
