Investment property: MFH with fifteen apartments and EFH with two apar

For sale is a corner detached house with two rented apartments on the ground floor and first floor and two parking spaces, as well as an apartment building with two entrances and a total of 15 apartments and a store with two garage spaces and two underground parking spaces.

The properties have been continuously renovated. The single-family house is let to two long-term, solvent tenants. The apartments in the apartment building are in high demand on the rental market due to their central location to the town, the lake and the mountains as well as the good floor plans.

All infrastructure, such as stores, kindergarten, elementary school, high school, bus stop and local recreation areas are nearby. Good connections to the surrounding region, with a beautiful view of Lake Maggiore, ideal for residents who want to live both centrally and quietly.

Corner detached house Via San Gottardo 50a

• Size: 116 m² living space, 743 m³ volume
• Plot area: 203 m²
• Year of construction: 1953, renovated in 2001
• Rented apartments with separate entrances:                                                                                                                                3-room apartment with bathroom, kitchen, fireplace, sunny balcony and garden use, tumbler and washing machine 66m2                                                                                                                        2.5-room apartment with bathroom, kitchen, fireplace, sunny covered garden seating area, shared use of garden, tumble dryer and washing machine 50m2
• Parking facilities: 1 outdoor parking space and 1 covered parking space
• Heating: Central heating via apartment building with oil heating
• Renovations/maintenance:                                                                                                                                                                                                                New kitchen and painting work 2022 (CHF 12,000)                                                                                                                                                                                                                                        Apartment OG: New boiler 2024 (CHF 4'000)                                                                                                                                                                                                                                                                Apartment ground floor: New kitchen and painting work 2016 (CHF 10'000)                                                                                                                                                                                                                                Electrical panel (upper floor and lower floor) 2024 (CHF 7'000)
• Other: Good sanitary and electrical installations, kitchen and wet rooms in good condition, wine cellar

Multi-family house Via San Gottardo 52 and 54, south-facing, lake view:

• Usable area: 968 m²
• Additional usable area: 267 m²
• Cubature: 6.584 m³
• Year of construction: 1960
• Plot area: 508 m²
• Residential areas of 45- 75 m2

Rental income:                                                                                                                                                                                                                                                                                                        2024: CHF 114'540                                                                                                                                                                                                                  CHF 199,125 net

Yield: 2%, to be achieved around 4%

Residential units:

• 4 x 2-bedroom flats
• 7 x 3-bedroom flats
• 4 x 4-bedroom flats
• 1 store with storage room

Other features:

• Parking:
  • 2 garage stalls
  • 2 underground parking spaces outside the property on neighboring property

• Infrastructure and facilities:
  • Two lifts (one per stairwell)
  • Two laundry rooms in the basement
  • Bicycle parking
  • Good floor plan
  • Insulating glass windows (2004)
  • Bathrooms and kitchens partially renovated
  • Modern electrical fuse in both buildings
• Heating: Oil heating (1997), maintenance carried out continuously
• Condition: Well maintained, provisions sufficient, ongoing renovations until 2012

We would be happy to show you this investment property in a personal viewing appointment. We are always available to answer any questions you may have.

Your avenaris real estate team