11 unit apartment for sale in Geneva. This property consists of three buildings spanning two parcels. 307 S Eagle St features a three-unit apartment, plus a fourth unit attached to the garage. 295 S Eagle St is adjacent, and consists of one building with 7 units. 10 of 11 units are currently rented. Each unit is separately metered for water; new owner has the option of billing each tenant for water & sewer use. 307 S Eagle has a boiler for one three-bedroom unit; other units are electric baseboard heat. 295 S Eagle units all have individual furnaces and hot water heaters. Tenants pay gas and electric. Recent major upgrades include: new downspouts and drainage system installed in 2020; new roof on detached garage and new roof on flat portion of 307 done in 2019, and a new roof on 7 unit building with ice guard coverage in 2015; new cement floor and sill plate installed in detached garage in 2021; new basement staircase and storm hatch in 2020. Off-street parking provides ample space for tenants. Long-term owners have kept this property in great shape. With low expenses, high occupancy rates, recent major improvements and room to raise rents, this property is a great opportunity to add to any rental portfolio.
Listing courtesy of Lokal Real Estate, LLC..
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