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.
Geneva is located in Nebraska. Geneva, Nebraska has a population of 2,062. Geneva is more family-centric than the surrounding county with 40.64% of the households containing married families with children. The county average for households married with children is 34.93%.
The median household income in Geneva, Nebraska is $84,236. The median household income for the surrounding county is $66,410 compared to the national median of $69,021. The median age of people living in Geneva is 41.4 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 29.1 inches per year, with 22.8 inches of snow per year.
