Light BRRRR Duplex in Clearwater – Great Opportunity!

Quick Summary

Purchase Price
$440,000
Capitalization Rate
7.0%
Cash on Cash Return
1.6%
Total Return on Investment
18.7%

5809 Crestmont Avenue, Clearwater, FL 33760

6 beds
2 baths
1,904 sqft
  • The property looks like it needs some cosmetic rehab, but this rehab would allow you to increase the monthly asking rent.
  • By increasing the rents and improving the property, you could add value to your investment, and sale comps show this possibility.
  • Since one unit is vacant, it would be easy to turn this property into a house-hack.
  • Welcome to 5809 Crestmont Ave, a modestly updated duplex with each side housing 3 bedrooms, 1 bathroom, and individual laundry rooms nestled in the heart of clearwater!
  • Each side of the duplex offers a modern design with practical living.
  • Step inside to each unit and discover 952 sq ft of the same identical footprint just reversed.
  • Very open floor plan with tons of windows to bring natural light into your home.
  • Each side has their own private fenced yard with a shared oversized parking pad in the front of the home. The parking pad can comfortably fit 6-8 cars.
  • Unit A is the front unit and is currently leased at $2,000.00 per month (below current market rent) and Unit B is the back unit that is vacant and ready for you to invest or move right in.
  • Some highlights of the property: Roof is 2017, HVAC is 2017, Updated electrical panel in unit B but insurable electrical panel in unit A, New energy efficient windows, fresh painted interior, updated kitchen and appliances in 2020, and so much more.
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