2217 39TH Street

Property Description

Description

Quadplex Opportunity! Investors, don't miss this exceptional opportunity to own a fully updated four-unit income-producing property with immediate cash flow and outstanding upside potential. This well-maintained quadplex features four spacious 2-bedroom, 1-bath units, each with its own refrigerator, range, window A/C units, and individually metered electric, water, and sewer, allowing tenants to pay their own utilities. The property has been converted to city sewer, eliminating septic concerns, and offers dedicated parking for each unit. Major capital improvements have already been completed, including a new roof and re-roof (2024), complete repipe and redrain, new water heaters, updated electrical wiring, fresh interior paint, remodeled kitchen, updated bathrooms, newer window A/C units, and luxury vinyl plank flooring throughout all four units. The property is nearly move-in ready, making it an easy addition to your investment portfolio. Enjoy immediate rental income with one unit leased at $800/month and another at $850/month, while the remaining two vacant units are ready to lease at current market rates, giving the new owner the opportunity to increase cash flow right away. The property is also HUD approved, further expanding your tenant pool. Looking for even greater returns? This property may also be an excellent PadSplit opportunity, offering investors the potential to maximize rental income through an alternative investment strategy.

Whether you're expanding your portfolio, completing a 1031 exchange, or purchasing your first multifamily investment, this property checks all the boxes with strong infrastructure, separate utility metering, and excellent income potential.

Opportunities like this are hard to find. Schedule your private showing today and secure this outstanding investment before someone else does!

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