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4631 40th St
For Sale $745,000 ($309.26 per Sq Ft)
$745,000 ($309.26 per Sq Ft)
- 8 Units
- 2,409 Sq Ft
- 7,488 Sq Ft
- Unknown Cap Rate
Description
Rare opportunity to own a building with 8 units. Central location in Lealman that is located in a non evacuation & non flood zone.. Block construction and built in 1982. Roof was replaced in 2013 Electric and some plumbing has been updated. Long time month to month tenants currently occupy the property and the units are currently rented at a price that is well below the local market. The street was recently redone including new sidewalk. The landlord uses the oversized 1 car garage for storage. Landlord pays all utilities. Estimated monthly utilities Electric $660, Water, Sewer & Trash $300, Cable $183, Gas $60. Two central A/C units provide heat and air. There is natural gas for the two hot water tanks , gas heat and the gas range in unit #8. This property has lots of potential to grow the current income stream.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $745,000 |
| Property Type | Multi-Family |
| Usable Sqft | 2,409 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1982 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 033116982260000010 |
| MLS # | U8219428 |
| Property ID | 320025944 |
| Lot Sqft | 7,488 |
| Zoning | R-3 |
| Total Units | 8 |
| Days on Market | 508 |
| Original List Price | $765,000 |
| Date Updated | March 04, 2025 |
| Date Created | November 01, 2023 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Paul Traxler an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of March 04, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT