5 RAINSTONE LANE, Palm Coast, FL, 32164
6 beds
2022
2,575 sqft
Excellent investment opportunity! This 2022-built concrete block duplex features two identical units, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. Ideal 1031 Exchange Replacement Property! Both sides are currently rented, producing a combined annual income of $38,900, with long-term tenants in place who maintain their units impeccably and wish to continue leasing. Unit Side A has agreed to a rent increase upon lease expiration, offering immediate upside potential. Designed for easy ownership, both units feature granite countertops, no carpeting, and durable finishes throughout, keeping maintenance costs low. Built with solid concrete block construction, this property is ideal for investors seeking a turnkey, low-maintenance asset with reliable cash flow. Serious inquiries only. Please do not disturb tenants. Showings by appointment only with proof of funds or financing in place.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Laundry Room
Units:
2
Subdivision:
PALM COAST SEC 30
Garage:
2-car
Heating:
Central, Electric, Heat Pump
Cooling:
Central Air
Acreage:
0.23
Est. Taxes:
$6,388
Construction
Block, Stucco
Utilities
Cable Available, Sewer Connected, Water Connected
Days on Market:
1
Appliances:
Dishwasher, Microwave, Refrigerator
Min Lease Term:
No Minimum
MLS #:
FC315542
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of VIRTUAL HOMES REALTY 386-569-5383