In the heart of Chiasso, we are offering for sale an attractive income-generating property consisting of 19 residential and commercial units, with significant value-add potential.
Strategic and central location, just a short walking distance from a cantonal bank, shops, restaurants, the railway station, bus stop, and the Italian border.
The property underwent major renovations in summer 2024: façade, balconies, roof dome, and 4 apartments were refurbished to a high standard (new kitchens, bathrooms, flooring, etc.).
The renovated apartments were re-let at rents 10–30% higher. The remaining units are currently rented at below-market rates and offer substantial upside potential. A large 8-room vacant space could be converted into 4 additional apartments. A feasibility study has already been prepared and can be implemented.
COMPOSITION
14 Apartments (over 4 floors)
4 x 2.5 rooms (66–67 m²)
5 x 3.5 rooms (96 m²)
4 x 4.5 rooms (127 m²)
5 Commercial units
4 shops / offices / storage units (117 m² – 233 m²)
1 storage unit (40 m²)
RENTAL SITUATION
Current monthly rental income: CHF 17,620
Monthly income at full occupancy: CHF 19,770 (excluding 8-room office – CHF 2,000)
Current annual rental income: CHF 211,440
Current gross yield: 4.32% – 4.8%
A solid opportunity for investors seeking an income-producing property in a strategic location in the Mendrisiotto region, just steps from the Italian border and well connected to key services and infrastructure.
For further financial information (rental income, technical documentation) and on-site visits, please contact:
Altea Mucollari +41 78 263 19 66