Building with 6 apartments to be renovated

At a glance

Description

Introduction: This is a building consisting of n. 6 residential units, of which n. 3 apartments have 3.5 rooms and n. 3 apartments have 4.5 rooms, in addition to a basement with a garage, a technical room, n. 6 cellars, a laundry room, a tank and n. 5 external parking spaces. The building has undergone some maintenance work over the years, including the replacement of windows (triple glazing) and the installation of a gas system with a new Buderos boiler for each residential unit, recently carried out by Rasi systems, and also the replacement of cellars and floors in some apartments. (When the windows were replaced, asbestos surveys were carried out and no asbestos was found). The inhabited floors, 1st, 2nd, 3rd have a commercial area of 161 sqm each, for a total of 483 sqm, in addition to the basement. The total commercial area of the building is 650 sqm. Return on investment: Currently, n. 3 apartments are rented (with very old contracts) out of n. 6, which generate an annual income of 21,600 CHF. By renovating the building and taking as a reference value for rents in Morbio 180 CHF/sqm x 483 sqm, it is possible to achieve a return of approximately 87,000 CHF/year, making the building attractive to potential investors. AGENCIES, CURIOUS AND NOT SERIOUSLY INTERESTED BUYERS ARE ADVISED TO ABSTAIN.

All characteristics

Location & surroundings