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5 Rainstone Lane, Palm Coast, FL 32164
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5 Rainstone Lane
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Priced at Only: $499,900
For more Information Call:
Address: 5 Rainstone Lane, Palm Coast, FL 32164
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  • MLS#: FC315542 ( ResidentialIncome )
  • Street Address: 5 Rainstone Lane
  • Viewed: 1
  • 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: 3
  • Additional Information
  • Geolocation: 29.5114 / -81.2241
  • County: FLAGLER
  • City: Palm Coast
  • Zipcode: 32164
  • Subdivision: Palm Coast Sec 30
  • Provided by: VIRTUAL HOMES REALTY
  • DMCA Notice
  • 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
  • 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: CentralAir
  • Heating: Central, Electric, HeatPump
  • Sewer: PublicSewer
  • Utilities: CableAvailable, SewerConnected, WaterConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Country: US
  • Interior Features: OpenFloorplan, SolidSurfaceCounters, WalkInClosets
  • 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: CloseOfEscrow
  • The Range: 0.00
  • Zoning Code: DPX
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Nearby Subdivisions
Cypress Knoll   Palm Coast Sec 24   Palm Coast Sec 30   Palm Coast Sec 32   Palm Coast Sec 33   Palm Coast Sec 59   Palm Coasteasthampton Sec 34   Southwest Quadrant Ph 01-04   Southwest Quadrant Ph 0104  
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Headshot for Associate Robert A. Pelletier Jr
  1. Robert A. Pelletier Jr, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 239.218.1565
  4. Mobile: 239.218.1565
  5. Fax: 352.503.4780
  6. robertsellsparadise@gmail.com