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5 Rainstone Lane
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PRICED AT ONLY: $499,900

Address: 5 Rainstone Lane, PALM COAST, FL 32164

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.

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  • MLS#: FC315542 ( Residential Income )
  • Street Address: 5 Rainstone Lane
  • Viewed: 33
  • Price: $499,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 0
  • Bedrooms: 6
  • Total Baths: 4
  • Garage / Parking Spaces: 2
  • Days On Market: 76

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Private Mailbox
  • Living Area: 2575.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Country: US
  • Interior Features: Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
  • Legal Description: PALM COAST SECTION 30 BLOCK 00025 LOT 0003 SUBDIVISION COMPLETION YEAR 1980 OR 182 PG 157
  • Area Major: 32164 - Palm Coast
  • Parcel Number: 07-11-31-7030-00250-0030
  • Possession: Close Of Escrow
  • Views: 33
  • Zoning Code: DPX
Nearby Subdivisions
Cypress Knoll   Palm Coast Sec 21   Palm Coast Sec 24   Palm Coast Sec 30   Palm Coast Sec 31   Palm Coast Sec 32   Palm Coast Sec 33   Palm Coast Sec 57   Palm Coast Sec 58   Palm Coast Sec 59   Palm Coast Sec 60   Palm Coast Sec 65   Southwest Quadrant Ph 0104  
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