**Turnkey cash-flowing investment with four occupied residential units plus first-floor commercial space.** Opportunity to acquire an established mixed-use property at **1524 38th St in Rock Island** with rental income already in place. The property features **four residential units above the commercial space**, with all four currently occupied and producing a combined **$2,425 per month in residential rental income.** Current residential rents: * **Unit A:** $675/month * **Unit B:** $650/month * **Unit C:** $600/month * **Unit D:** $500/month That's **$29,100 in current annual residential rental income** before considering any income or value associated with the commercial portion of the property. The **ground-floor commercial unit is currently owner-occupied**, giving the next owner additional flexibility. Continue using the space for a business, occupy it personally, or explore leasing the commercial unit for additional income. This is being offered as an **occupied investment property**, allowing a new owner to acquire an existing income stream rather than starting from scratch with a vacant building. ### Investment Highlights * Four occupied residential units * **$2,425/month current residential rent** * **$29,100/year current residential rental income** * Ground-floor commercial space * Commercial unit currently owner-occupied * Existing tenant base and documented rental history * Mixed-use income potential * Opportunity to generate additional revenue from the commercial space * Property to remain occupied through the sale ### Operating Expense Information Historical expenses have included: * **Utilities:** Approximately $200-$700/month depending on billing cycle, including MidAmerican Energy and Rock Island Water * **Management:** Approximately $50-$70/month * **Maintenance/Repairs:** Approximately $40-$700 per job depending on work required * Additional fees and repairs vary as incurred For an investor looking for an **income-producing Rock Island property with existing residential cash flow and additional commercial potential**, 1524 38th St deserves a look. The residential units are already generating income. The tenants are already in place. And the commercial space gives the next owner another piece of the property to put to work. **Contact us for additional property information, financials, lease details, and to schedule a showing.**