5192 University Drive Drive | Geneva
Prime Investor Opportunity in Geneva-on-the-Lake! Just steps from the vibrant Strip, this property offers incredible short-term rental potential. The main home comfortably sleeps 8, but the real value lies in the oversized detached garage with a ready-to-finish second level. With approximately $30,000 in renovations, this space could be transformed into an additional living unit complete with a kitchen, living room, walkout balcony, and sleeping accommodations for 8 more guests\u2014bringing the total capacity to 16! Few properties in the heart of GOTL offer this kind of versatility, location, and income potential. Whether you\u2019re looking to maximize rental income or create a one-of-a-kind vacation retreat! A two for one opportunity to create two separate Airbnb/rentals! Inside the home, everything is newly updated and every item in every room stays! All furniture, appliances, d\u00E9cor, decorations, towels, silverware stay. The bathroom includes a newly installed tile surround, bathtub, vanity, toilet, and tile floor as well as all new electrical and plumbing. Both bedrooms have newer furniture. The two living room spaces are perfect for families or groups. Everything in the kitchen was newly installed in the past 5 years. New kitchen cabinets, New stainless-steel appliances, electrical and GFI\u0027s, Plumbing, Countertops, and sink. A rarity, home includes an unfinished basement! less than 5% of homes in this area have this feature. The basement currently houses a 1-year-old furnace and a new hot water tank as well as a basement sink, with wash \u0026 dryer hook-ups. The Geneva on the lake Township Park is less than a quarter mile from our home and includes amazing views, picnic areas, a playground and restroom facilities. additionally, the Geneva on the lake golf course is located a few 100 yds behind the property so grab your clubs and walk to the golf course. Come see before it\u0027s gone! MLSNow 5104980 Directions to property: 1.4 Miles to S Ridge Rd , Turn Left 0.9 Miles to Centennial St , Turn Left 4.1 Miles to University Drive, 0.2 Miles on the left Signs Posted!
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. Agency Real Estate is a member of the National Association of REALTORS® Equal Housing Opportunity.