Sold

5 RAINSTONE Ln, Palm Coast, FL 32164

Beds
6
Baths
4
Sqft
2,575
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byVirtual Homes Realty
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Overview

Under contract-accepting backup offers. 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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
4
Square feet
2,575
Lot size (acres)
0.23
Year built
2022

Interior features

Laundry
Laundry Room

Garage and parking

Garage parking spaces
2

Utilities

Heating
Central, Electric, Heat Pump
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$6,388

Public schools

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Sourced from: Stellar MLS MLS®#: FC315542 Last checked:

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