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.
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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
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Stellar MLS MLS®#: FC315542 Last checked: …
