737 40th Place
Large 2/1 units QUADPLEX
Marketing description
Great investment opportunity in this classic 2 story brick and frame build with beautiful front porches for each unit! All units in the building have been updated with NEW
WINDOWS and doors. Two have been updated like the photos- with paint, flooring, cabinetry and upgrades in kitchens and baths, new appliances. All electrical
throughout the building has been brought to code. Each unit is 1,009 square feet! Large living rooms, beautiful private porches off the living room! Two large bedrooms
are separated for more privacy. Lots of closets and storage! Plumbed for washer and dryer in it's own space near the bathroom. Full bath. Back exit leads to the vast
parking lot with space for 10+ cars! Tons of parking space! Rents are from $550-$1,000. Exterior has recently been all cleaned. New chimney caps! Separate water
meters for each unit. Section 8 compliant.
Investment highlights
units A, B & C have been fully renovated. Everything has been brought up to code. Electric was brought to code for the entire building approx. 3 years
ago. Unit A: Vacant (will be rented for $1000 mo) Unit B: $850 ($828 paid by Sec 8), Unit C: $1000 ($980 paid by Sec 8), Unit D: $550 ($528 paid by Sec 8) (long term
tenant - PM working to raise their section 8 stipend) Electric was brought to code for the whole building.
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