128 North 5th Street, Geneva, IL

About 128 North 5th Street

This fantastic 3-flat is located just one block from downtown Geneva. The location is incredible! Walk to town, the train, festivals, the Fox River, etc. The three apartments in this home rent out as soon as they are listed. Outstanding rental history. Each apartment has wonderful access to outdoor space and south-facing windows with excellent sun exposure. All have new LVP flooring and marble backsplash in the kitchens. Each has private entrances with two forms of egress. There is parking for at least 4 cars on the driveway/carport and access to the storage shed. Each unit is separately metered and each has their own in-unit laundry, and parking space. The first and second floor have gas-forced air heat and a/c. The garden level has electric heat and portable a/c. Total finished square footage with all three apartments: 3,555. Rents: Garden level: $1200/mo (discounted for maintaining the lawn), First floor: $1950/mo, Second floor: $1695/mo. Annual gross rent: $58,140. Incredible 7.5% Cap Rate! Water heater for unit 1 and 2 replaced within the last 2 years. Each unit has their own HVAC systems. Landlord covers no utilities. Currently landlord plows snow on driveway and lawn is maintained by the unit 3 tenant for a discounted rent. These tenants are outstanding and out of respect for them, we will not allow showings without buyer first showing proof of funds/qualifications. Agent has owner interest. Motivated sellers, bring all offers!

Listing Map