Income Generating Property In The Heart Of Chiasso

Income-generating property in the heart of Chiasso, composed of 19 units between residential and commercial, located in a strategic position just a few steps from the station, the Italian border, and all major services. The property combines immediate income stability and significant appreciation potential, thanks to underutilized units, below-market rents, and possibilities for internal conversion. General data • Type: income-generating residential + commercial property • Total units: 19 - 14 apartments - 5 commercial units / warehouses - 3 external parking spaces • Main renovation: 1992 (complete renovation) • Further interventions: summer 2024 (facade, balconies, roof, 4 renovated apartments) Surfaces • Land area: 781 m² • Rentable area: 1,877 m² • Distribution over 4 floors Legal and technical status Zone: core area Restrictions • NOT subject to historical constraints • No registration in the land registry of contaminated 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) Profitability Current situation (IST) • Annual revenue: CHF 211,440.– • IST yield: 4.32 % • 3 units currently vacant Full rental situation (current SOLL) • Annual revenue: CHF 261,240.– • Expected yield: 5.33 % Appreciation scenario (with investment) • Estimated investment: CHF 460,000.– N. B. Conversion of large unit (former office 8 rooms) into approx. 4 apartments • Potential revenue: CHF 290,400.– / year • Expected yield: 5.42 % Financial projection (bank leverage) • Estimated equity: 30 % • Return on equity: ~ 8 % • Positive cash flow even after amortizations and interest