Income property for sale in Chiasso

At a glance

Description

Income property for sale in Chiasso, excellent investment opportunity with interesting returns. The property is well-located and has a good rental status. Please contact us for more information and details. Chiasso is one of the main border towns between Switzerland and Italy, located in the Mendrisiotto, just a few minutes from Como and directly connected to Lugano and Milan by highway and railway. The strategic location makes it a historic commercial, logistical, and financial hub with a strong presence of cross-border workers and international activities. Price: CHF 4'900'000 Category: Mixed-use property (residential + commercial) Total units: 19 - Residential: 14 apartments - Commercial: 5 commercial units/warehouses Parking spaces: - 3 outdoor parking spaces The property is in good general condition, with no urgent need for renovation in the short term. The structure is made of mixed masonry, consisting of concrete and stone, ensuring a solid construction and good durability over time. The heating system is oil-fired and is currently in very good maintenance condition. The windows are made of wood with double glazing, while some units already have PVC windows with triple glazing, which contributes to improved living comfort and energy efficiency. Returns Current situation Annual rental income: CHF 211'440. Current return: 4.32 % 3 units are currently unoccupied Potential at full occupancy Estimated annual rental income: CHF 261'240. Expected return: 5.33 % The current presence of unoccupied units offers an interesting potential for increasing the value of the investment through optimization of the rental and gradual increase in revenue. For more information, please contact Niccolo Debernardis 079 814 45 44 or Marco 078 746 19 96 For further information, please contact us on 091 922 79 79 or send an email to info@zenitrealestate.com Ad reference V001243

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