$399,900

About This Property

Under contract-accepting backup offers. Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple. All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down. A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents. Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.

infoProperty Details

Property Type

Quadruplex

Year Built

1959

Living Area

1,760 sqft

Lot Size

0.21 acres

Bedrooms

4

Bathrooms

4

Garage Spaces

0

Ownership

Fee Simple

Days on Market

chairInterior Features

yardExterior & Lot

Contact George

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Listed By

SPENCERS PLUS REALTY LLC

727-481-3517