Off-market opportunity in Crystal River featuring a rare dual-structure setup on a 0.35-acre lot, offering both immediate cash flow and layered upside. The main home requires a full renovation, while the secondary structure needs light cosmetic work, allowing for an efficient value add execution. Once stabilized, the property is projected to generate about $2,700 per month or $32,400 annually in rental income, which comfortably meets and exceeds the 1% rule, a key benchmark many investors use to quickly identify strong rent to cost opportunities.

While the deal presents solid cash flow, the real strength lies in the combination of income and forced appreciation. By renovating and clearly separating both structures into functional living spaces, the asset can be positioned as a clean 2 unit income producing property. This creates a strong refinance opportunity, where investors may be able to recover a significant portion of their initial capital based on the improved value and stabilized income. Additionally, the property carries future lot split potential, where each structure if separated could command estimated retail values of about $220K for the main home and about $175K for the secondary structure, highlighting the underlying equity and flexibility built into the deal.

Zoning has already been identified to support multi unit use, and the septic system has been serviced in recent years, adding confidence to the infrastructure. This is not just a cash flow play, it is a strategic investment opportunity where investors can stabilize, refinance, and hold a performing asset with minimal capital left in the deal, or exit as a turnkey income producing property.

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