Description
Located in the heart of Geneva, this well-maintained single-story 10-plex offers an excellent investment opportunity. The complex features 7 spacious two-bedroom units and 3 comfortable one-bedroom units, each with off-street parking. Key Investment Highlights: 10 units - 7 2b/1b and 3 1b/1b. Built in 1996. Lot 17664 sq.ft. Building 7920 sq.ft. Many long-term tenants, 0% vacancy rate, and a waitlist of renters. Capital improvements include a new roof in 2018, and structural foundation repair completed in 2022/2023. 3 units have been remodeled. Opportunity for value-add in remaining units. Professionally managed for ease of ownership. All tenants on current leases with automatic rent increases. Opportunity to further increase leases to market value. Prime location near downtown amenities, and quick highway access. 20 minutes to I-80.
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0BEDS
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Over 1/4 up to 1/2 AcreACRES
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0BATHS
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01/2 BATHS
School Information
Description
Located in the heart of Geneva, this well-maintained single-story 10-plex offers an excellent investment opportunity. The complex features 7 spacious two-bedroom units and 3 comfortable one-bedroom units, each with off-street parking. Key Investment Highlights: 10 units - 7 2b/1b and 3 1b/1b. Built in 1996. Lot 17664 sq.ft. Building 7920 sq.ft. Many long-term tenants, 0% vacancy rate, and a waitlist of renters. Capital improvements include a new roof in 2018, and structural foundation repair completed in 2022/2023. 3 units have been remodeled. Opportunity for value-add in remaining units. Professionally managed for ease of ownership. All tenants on current leases with automatic rent increases. Opportunity to further increase leases to market value. Prime location near downtown amenities, and quick highway access. 20 minutes to I-80.
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