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.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
