Real Estate Investment - 11.5% Return on Cash

At a glance

Description

We offer a real estate investment with a return of over eleven percent on the investment of one's own capital. Biasca: A rental building in the town center is for sale, currently fully rented with a full return. Characteristics: The building was completely renovated in 2020, with only the external walls remaining. It has the following characteristics: 4 apartments with 2.5 rooms each of 50 m²; 2 duplex apartments with 3.5 rooms each of 80 m²; 2 commercial premises with private bathroom each of 50 m²; 6 private cellars for each apartment; Laundry and storage room of 25 m²; Technical Details: Modern construction; First-class materials: porcelain, parquet, modern finishes; Equipped kitchens; Floor heating powered by heat pump; The building is developed on 4 floors above ground plus a semi-basement; Rectangular land of 116 m²; Financial Details: Existing mortgage of 1'920'000 CHF with a fixed interest rate of 1.2% until 2028; All apartments are rented with interesting contracts, also long-term; Annual net income after expenses and interest: 77'500 CHF, which is equivalent to 11.5% of the invested cash (680'000 CHF);

Features & amenities

All characteristics

Video (YouTube)

Location & surroundings