21 bedrooms building for sale in Monza, Italy

• 1300 m² surface area (13993 sqFt)
• Gas-fired central heating
• 21 bedrooms
• good structural condition
• 15 bathrooms
• DPEN/C

Located in the municipality of Monza, in a rapidly expanding residential area just 600 meters from the historic center and the train station, this independent residential building sits on all four sides and boasts a total area of 1,300 square meters spread across four levels. The property is equipped with an external elevator, internal staircase connecting the four levels, and a Vvff safety staircase. The property currently operates as a rental income property with a lease contract guaranteeing a 7% return (6 + 6 contract with an annual rent of €140,000). There is also potential for a change in land use to create 8-10 residential units, with a projected revenue of over €4,000,000 from the sale of the apartments. After undergoing renovation in September 2023, the building now features 12 bedrooms with 25 square meters each, multiple bathrooms, as well as additional spaces such as a dining room, recreational and study areas, changing rooms, and staff accommodations. The property's already favorable characteristics, along with its convenient access to bus services and ample free parking, will soon be further enhanced by the upcoming presence of the Line 3 Lilla (M5) metro line just 100 meters away, with the "Marsala" station. With its prime location, potential for high rental income or development, and future transport enhancements, this property in Monza represents a lucrative investment opportunity at the asking price of 2,000,000.