Investment building on sale in Piazza Baraini 2 - Ref 1.4.0023

We offer for sale Genestrerio 12 residential units in PPP residential and commercial building of total 16 units. The building was built in 2015 and is strategically located in the center of the municipality and in traditional core area. In the immediate vicinity are all services such as schools, stores, highway junction and there is a well-organized bus service.

The apartments are barrier-free. Thebuilding meets Minergie criteria, but is not certified.

Description of apartments:

PT 2 apartments of 4.5 rooms with assigned garden
1P 5 apartments of 2.5 to 5.5 rooms some with terrace
2P 5 apartments of 3.5 to 5.5 rooms some with terrace
33 convenient parking spaces (indoor/outdoor).

Each apartment has washing machine connection in the apartment. There is communal laundry available.

Currently 11 units are rented. 1 single apartment vacant.
Potential annual net income CHF 250,000.-- approx.
Reductibility at 4%

It is finally also possible to buy the whole building, adding the commercial units and a 2.5-room apartment, both already local, plus the respective parking spaces to the sale. In this case, it is necessary to add CHF 1'400'000 to the displayed sale price. The profitability remains very attractive and in line with the market.

Distances:
From Chiasso: 10 km
From Lugano: 21 km