Prime Investment Opportunity – Long-Term Tenants, Below-Market Rents & Recent Renovations 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 3 Years Ago – Turnkey condition with modern updates Turnkey Investment with Long-Term Tenants This property is 100% occupied with established long-term tenants, providing a stable and reliable cash flow. One tenant is on a Section 8 lease with guaranteed payments and an annual 5% rent increase, ensuring continued income growth. Under-Market Rents – Immediate Value-Add Potential Current rental rates are below market value, giving investors an immediate opportunity to increase rents and further maximize returns. Fully Renovated – No Major Work Needed The property underwent a complete renovation just 3 years ago, making it a turnkey, low-maintenance asset. Updates include modernized interiors, upgraded mechanical systems, and improved common areas, ensuring long-term durability and appeal. Low Expenses & Strong Return on Investment With minimal operating costs covering property taxes, water, sewer, and insurance, this property is designed to maximize profitability while keeping expenses low. Prime Location & Future Appreciation Located in a high-demand rental market, this property offers long-term stability and value appreciation. 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!