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Updated over 7 years ago on . Most recent reply

User Stats

13
Posts
5
Votes
Tanya Lee
  • Investor
  • Reston, VA
5
Votes |
13
Posts

**CLEARWATER DUPLEX** 100% OCCUPIED & TURNKEY, PROP MGMT IN PLACE

Tanya Lee
  • Investor
  • Reston, VA
Posted

Great cash flowing Clearwater Duplex. Well maintained. Area is in high demand. Both sides occupied. Property management and maintenance team in place. Completely turnkey for new owner. Property has never been vacant throughout years of ownership. One side is Section 8 paying $1058 with lease through 2/18. The other side is tenant with lease through 8/18. No damage from Hurricane. Large yard with fence that divides each side for privacy. Cap rate is 8%, NOI $17,639

Clearwater area is seeing home prices rise steadily and rents are steadily rising.  This property rents have increased 18% in the past 3 years.

Offering

Most Popular Reply

User Stats

13
Posts
5
Votes
Tanya Lee
  • Investor
  • Reston, VA
5
Votes |
13
Posts
Tanya Lee
  • Investor
  • Reston, VA
Replied

Yes, I own 2 duplexes and a triplex in Clearwater and they have done very well.  Tennessee also is doing very well also, from what I understand.

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