BEDS6
BATHS
SQUARE FEET2,575
MLS#FC315542
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPALM COAST
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2 car attached
Heating: Central, Electric, Heat Pump
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $6,388
Year Built: 2022
Amenities
Open Floorplan
Solid Surface Counters
Thermostat
Walk-In Closet(s)
Private Mailbox
Feature Descriptions
Annual Net Income: 38900.00
Appliances: Dishwasher, Microwave, Refrigerator
Days on Site: 37
Directions: Belle Terre Parkway to Rymfire, right turn onto Rae Drive, right turn onto Rainbrook, left turn to Raintree Place, turn left onto Rainstone Lane
Exterior: Block, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.23
Ownership: Fee Simple
Patio/Porch: Covered
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: DPX
Listed By / Shown By
Listed By
Agency Name: VIRTUAL HOMES REALTY
Agency Contact: 386-569-5383
Shown By
Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120
Estimate Your Payment
Estimated Payment
$ 3,338.82 per month $2,660.68 Principal & Interest $532.33 Property Tax $145.80 Homeowner's Insurance
5 Rainstone Lane | MLS# FC315542
This multi-family property located at 5 Rainstone Lane, Palm Coast, FL 32164 is currently listed for sale with an asking price of $499,900. Search Palm Coast real estate on www.adamscameroncommercial.com today.