5 Rainstone Lane
Palm Coast, FL 32164

Listed at $499,900

Details

  • MLS# FC315542
  • Multi Unit - Multiple
  • Status Active
  • 6 Bedrooms
  • Bathrooms
  • 2,575 Square Feet
  • 0.230 acres
  • Built in 2022
  • Local Schools

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...read more 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.

Features

  • Dishwasher
  • Microwave
  • Refrigerator
  • Central Air
  • Central, Electric, Heat Pump
  • $6,388 Taxes
  • Public
  • Built in 2022
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 38900.00
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Cooling: Central Air
  • Days on Site: 40
  • 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
  • Exterior Features: Private Mailbox
  • Flood Zone Code: X
  • Foundation: Slab
  • Garage: 2 car attached
  • Heating: Central, Electric, Heat Pump
  • Home Warranty Y/N: No
  • Interior Features: Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
  • Listing Terms: Cash, Conventional
  • Lot Dimensions: 0.23
  • Lot Size: 0.23 Acres
  • Ownership: Fee Simple
  • Patio/Porch: Covered
  • Property Attached Y/N: No
  • Property Sub-Type: Duplex
  • Roof Type: Shingle
  • Sewer: Public Sewer
  • Showing Instructions: Appointment Only, Call Listing Agent
  • Special Sale Provisions: None
  • Taxes: $6,388
  • Units: 2
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 2022
  • Zoning: DPX