Duplex $ 499,900

5 RAINSTONE LN

Palm Coast, FL 32164

  • 6 Beds
  • 4 Baths
  • 2,575 SqFt
  • 10,018 Lot Size
  • 2022 Year Built
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.
Listed by VIRTUAL HOMES REALTY

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Duplex

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 575 sqft

    Price per Sqft $194

    Subdivision Palm Coast Sec 30

    MLS Listing ID FC315542

    Bedrooms 6

    HOA Y/N No

    Year Built 2022

    Annual Tax Amount $6,388

    Lot Size 10,018 Sqft

    Acres 0.23

    Property Sub-Type Duplex

    Source Stellar MLS

  • Location

    State FL

    County Flagler

    Community Palm Coast Sec 30

    Area 32164 - Palm Coast

    Zoning DPX

  • Building

    Foundation Slab

    Lot Size Range 0 to less than 1/4

    Sewer Public Sewer

    Water Public

    Structure Type Block,Stucco

    New Construction false

  • Interior

    Interior Features Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)

    Heating Central, Electric, Heat Pump

    Cooling Central Air

    Fireplace false

    Appliance Dishwasher, Microwave, Refrigerator

    Laundry Laundry Room

  • Exterior

    Exterior Feature Private Mailbox

    Garage Spaces 2.0

    Utilities Available Cable Available, Sewer Connected, Water Connected

    Roof Type Shingle

    Porch Covered

    Attached Garage true

    Garage true

    Private Pool No

  • Others

    Senior Community No

    Ownership Fee Simple

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition None

    Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC315542

    Porch Type Covered

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CONTACT

Alina Pekarsky

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