

1565 W 51st
4 Units | 13,500 SF Lot | Rent Spread + Owner-User Flexibility
Marketing description
Investment highlights
Rent Spread Between In-Place and Turnover Levels
Current rents sit below market for comparable two-bedroom units, creating measurable upside as units are recaptured and reset.
Four Units Operating as Two-Bedroom Layouts
All units function as 2BR layouts, supporting stronger leasing compared to typical 1BR configurations in the area.
Front Unit with Den (3rd Bedroom Use)
Additional den in the front unit is currently used as a third bedroom.
Systems Already AddressedCopper plumbing and updated electrical reduce near-term capital needs and allow focus on unit interiors.
13,500 SF Lot with Only Four Units
Low-density site with excess land relative to unit count.
10 On-Site Parking Spaces
Functional parking layout with access from street to rear of lot.
Separately Metered Gas & Electric
Tenants pay their own utilities, keeping operating costs controlled.
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