Offered at $1,025,000, 1565 W 51st Street is a fully occupied four-unit asset with a clear gap between in-place rents and turnover levels. The property consists of four units currently operating as two-bedroom layouts, allowing for stronger rent positioning as units are recaptured. Existing tenancy reflects long-term occupancy, with current rents below where comparable units lease once turned. The building has already undergone key system upgrades, including copper plumbing and updated electrical, allowing a new owner to focus capital on interiors as units become available rather than addressing major infrastructure. The investment is driven by capturing the spread between current income and market rents over time. Execution is straightforward: unit turnover, interior updates, and rent reset to market levels. Situated on a ±13,500 SF LAR2 lot with only four units, the property offers a low-density profile relative to its site size.