913 Turner St, Clearwater, FL 33756
- Duplex – total 912 sqft
- Two units, each 1 bed | 1 bath
- Currently rented at $900 per month per unit
- Tenants are month to month
- Market rent projected at $1,275 per unit
- Estimated $25K rehab budget, including roof replacement and electrical panel replacement
Asking Price: $230,000
Projected Cap Rate: 9%+
Average Projected 5-Year Cap Rate: 12%
Why this property stands out:
- Immediate income in place with below-market rents
- Clear rental upside with room to increase rents to market
- Strong cash flow potential after stabilization
- Small footprint, easy-to-manage property
- Located in a desirable Clearwater area near shopping, dining, and major roadways
- Value-add opportunity with roof replacement already factored into strategy
Book an Expert
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Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
