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.
-
17BEDS
-
0.41ACRES
-
10BATHS
-
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.
Listing information © 2025 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Sit Stay Homes. Data last updated 2025-01-14T06:33:48.677.