Residential building for sale - 1870 Monthey

Building of 4 apartments of 3.5 rooms - ideal for investors
For sale, residential building composed of 4 apartments of 3.5 rooms, one of which has an additional sleeping area/mezzanine.

The building has been constantly very well maintained and is managed by a local management company.

Three apartments have recently undergone renovations, ensuring modern and bright spaces. Currently, 2 units are already rented, the other 2 are occupied by the owner, and are very easy to rent.

Description of the building:

* 4 apartments of 3.5 rooms, including 1 with an additional mezzanine
* 1 apartment per floor
* 1 laundry room in the basement
* 3 renovated apartments
* 2 units already rented
* 1 private garden with pergola and a workshop (currently used by the owner)

A great investment opportunity in an attractive area with high rental demand.

Possibility to rent parking spaces at an interesting price.

Monthey
1870 Monthey is located in the district of Monthey, in the Canton of Valais. The population in the political municipality of Monthey has varied over the last five years by +1.2% on average per year, reaching 18,886 inhabitants (State as of Dec 31, 2023). The tax rate is 12.6% (canton: 12.8%). Over the last five years, the construction of housing in the municipality has increased by an average of 1.2% per year, while the current vacancy rate is 0.1% (State as of June 1, 2024). Real estate prices have varied by +12.2% over the last five years (canton: +21.4%).