For sale mansion, city Reggio Emilia Emilia-Romagna

We offer for sale an entire new building in Reggio Emilia (Canalina area), which boasts a total area of 1600 square meters with 16 apartments and appurtenant courtyard area. Each apartment, of about 100 sq m, is composed as follows: living room with kitchenette, two bedrooms, two bathrooms and balconies/terraces, in addition to cellars and indoor covered and reserved parking spaces. Two of the apartments with penthouses have large terraces and beautiful panoramic views. Since the property is subject to subsidized housing, the sale of the same is to be made en bloc with an obligation to rent. The apartments are currently leased for a total income of € 70,000 annually, corresponding to a yield of about 4.5 percent. The cost of each apartment is € 100,000 (including cellar and parking space). Energy class B. EXCELLENT INVESTMENT.