Elite Holdings is pleased to present the prime investment opportunity with long-term tenants, below-market rents, and recent renovations of the triplex at 57 Turner Street. This high-performing multifamily property offers investors consistent cash flow, long-term tenants, and significant upside potential. With a 9.3% cap rate and an annual Net Operating Income (NOI) of $41,844, this asset delivers strong returns while maintaining a low expense-to-income ratio.
Financial Highlights:
Gross Income: $52,152 per year
Net Operating Income (NOI): $41,844/ per year
Total Expenses: Only $10,308 annually
Cap Rate: 9.3% at a $450,000 asking price
GRM (Gross Rent Multiplier): 8.63
Below-market rents – immediate opportunity for rental increases
Fully renovated three years ago – in turnkey condition with modern updates
Whether you're an experienced investor or looking for a turnkey, income-producing asset, this is an opportunity you don’t want to miss. Don’t wait—this high-yield, fully renovated investment property won’t last long.