19 room House in Chiasso

Income property in the heart of Chiasso, consisting of 19 units, both residential and commercial, in a strategic location, just a few steps from the station, the Italian border, and all major services.The property offers immediate income stability and significant potential for appreciation, thanks to underutilized units, below-market rents, and opportunities for internal conversion.General data.Type: residential + commercial income property.Total units: 19-14 apartments-5 commercial units/warehouses-3 outdoor parking spaces.Main renovation: 1992 (complete renovation).Further interventions: summer 2024 (façade, balconies, roof, 4 renovated apartments)Areas.Land area: 781 m².Rentable area: 1'877 m².Distribution over 4 floorsLegal and technical conditionZone: core zoneBuilding codes.NOT historically protected.No registration in the list of contaminated sitesMaintenance condition: good general condition, no urgent measures plannedStructure: mixed masonry (concrete and stone)Heating: oil, system in excellent conditionWindows: wood double glazing (partly PVC triple glazing)YieldCurrent situation (IST).Annual income: CHF 211'440.-.Yield IST: 4.32 %.3 units currently unrentedFull rental situation (SOLL current).Annual income: CHF 261'240.-.Expected yield: 5.33 %Appreciation scenario (with investment).Estimated investment: CHF 460'000.-Note: Conversion of a large unit (former 8-local office) into approx. 4 apartments.Potential income: CHF 290'400.-/year.Expected yield: 5.42 %Financial forecast (bank loan).Estimated equity: 30 %.Return on equity: ? 8 %.Positive cash flow even after amortization and interest