Sarasota's Premier Homes

5 RAINSTONE LANE

PALM COAST , FL 32164

MLS#: FC315542

$499,900

Status: Active
Listing number: FC315542
Listing provided by: VIRTUAL HOMES REALTY
Listing agent phone: None
Last update: 26 days ago
On site: 27 days ago
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PALM COAST SEC 30 - Residential Income

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

2022

Sq.Footage

2,575

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.

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan, Walk-In Closet(s)

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Block, Stucco

  • Parking

    Attached

  • Patio and Porch Features

    Covered

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.23

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $499,900

  • Tax Amount

    $6,388

  • Sq. Footage

    2, 575

  • Price/SqFt

    $194

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

County

Flagler

Elementary School

Middle School

High School

Listing Courtesy of Alina Pekarsky , VIRTUAL HOMES REALTY

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Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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.

5 RAINSTONE LANE

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