Feel the heartbeat of Geneva, NE, from the heart of a thriving, stable community lands a top-tier investment opportunity; a well-kept 10-unit apartment complex. This prime real estate boasts a zero percent vacancy rate, promising a steady income stream and long-term appreciation potential.
Nestled in the city center, the apartment complex offers an advantageous blend of seclusion and accessibility. Each of the alluring 17-bed, 10-bath units comes with designated parking, contributing to overall ease and comfort. Of these, seven are sprawling two-bedroom domiciles, while three are cozy one-bedroom havens, making the complex versatile and appeal to various tenant demographics.
The structure commands a generous footprint of 7920 sq ft set on a 0.41-acre lot. The residents revel in the shaded common area, a tranquil space for relaxation, and social galore. Yet another irresistible feature is its proximity to downtown. A short walk allows access to numerous amenities, including eateries, shopping facilities, and a theatre. Even better, a vibrant farmer's market is a stone's throw away, adding to the appeal for potential tenants.
Geneva, a growing town known for its robust economy and low unemployment rates, offers a favorable business environment. The local population is on the rise, with an increasing demand for housing. Housing itself is rare, marking this 10-plex as a premium asset. Coupled with the edge of a waitlist of potential renters and many long-term tenants, the property promises high occupancy rates.
Built in 1996, the structure has been conscientiously maintained with significant capital improvements such as a new roof in 2018 and recent structural foundation repair in 2022. Three units have undergone modern renovations, adding to their attractiveness, while the remaining present an opportunity for the new owner to enhance the property's overall value.
Seize this extraordinary opportunity to invest in a flourishing community. The unique allure of Geneva's small-town charm, combined with a heated market demand, brings forth an unmissable venture for investors desiring stable returns and promising future expansion. Please note that the property is being sold by the owner, who is a licensed real agent in NE and has equity in this investment. Buyers' agents are welcome.
