111 & 121 Elm St

Heading northeast on State Hwy 37 N, turn left onto Oak St, then left on Elm St. The property will be at the end of the road on the right.Investment opportunity featuring two quadplexes with a total of 8 units, including 2 one-bedroom units and 6 two-bedroom units. Currently 86% eased with only one vacant unit, the property offers established rental income and an opportunity to increase occupancy. Both buildings have benefited from extensive improvements over the years, including a new parking lot (2025), LVP flooring in all units (2022-2025), updated HVAC systems for 111 Unit 1 (2021) and 121 Units 1&2 (2022), replacement windows on building 121, new gutters (2021-2022), and a master key system (2021-2022). Conveniently located adjacent to the Southwest School District office, Washburn School, and Southwest High School, with Hwy 31 just 0.2 miles away and Dollar General approx. 0.5 miles away. With a functional unit mix, a history of ongoing capital improvements, and convenient access to nearby schools and amenities, this multifamily property presents an attractive opportunity for investors seeking an income-producing asset.