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Available For Sale - Multifamily

5,500 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,500 SF
Price/SF
Show Pricing $
Listing ID
SA439060
Notes
Rare opportunity to own one of Geneva’s most unique historic properties, located just west of downtown. Originally a single-family home, this vintage 3-story, 5,500+ sf, 1906 building has for many years been a three-unit multi-family investment property. A virtual video tour is available. The main building, plus 4-car detached garage, currently sits on a 1.7 acre lot with mature trees that screen it from State St.



The asking price of $540,000 is for the buildings on 1.1 acres. The optional 0.6 acre lot east of the house is priced at $210,000, for a combined price of $750,000.



The current R1 zoning would allow for the structure to be converted back to a single-family residence or remain a three-flat. In addition, the zoning would also allow for a single-family home to be built on the optional lot.

Current rents total $4,500/mo. Leases are short-term. 2020 taxes: $14,876.



The individual apartments feature:

Main floor – Features hardwood floors and dramatic vintage woodwork. Two bedrooms, combined living & dining rooms with fireplace, 2 baths, kitchen with eating area, laundry room, large wrap-around screened porch.

2nd floor – Three bedrooms, living room with sitting area with large bay windows, 2 baths, kitchen with eating area, laundry room, and outdoor deck.

3nd floor – Two bedrooms, living room, dining area, kitchen, and 1 bath.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Neil Johnson, SVN | Landmark Commercial Real Estate
BRE# 471.012919