5 Rainstone Lane, Palm Coast, FL 32164
- $472,500
- 6
- BD
- 4
- BA
- 2,575
- SqFt
- Sold Price
- $472,500
- List Price
- $499,900
- Status
- SOLD
- Days on Market
- 118
- Closing Date
- Jun 19, 2026
- MLS#
- FC315542
- Subtype
- Residential Income
- Year Built
- 2022
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,575
- Lot Size
- 10,019
- Acres
- 0.23
- Subdivision
- Palm Coast Sec 30
- MLS Area Major
- Palm Coast
Property 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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Additional Information
- Interior Features
- Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
- Exterior Features
- Private Mailbox
- Financing
- Cash, Conventional
- Community Features
- No Deed Restriction
- Zoning
- DPX
- Appliances
- Dishwasher, Microwave, Refrigerator
- Heating
- Central, Electric, Heat Pump
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Private Mailbox
- Roof
- Shingle
- Foundation
- Slab
- Garage
- 2 Car Garage
- Garage Spaces
- 2
Listing courtesy of VIRTUAL HOMES REALTY. 386-569-5383
Selling Office: WATSON REALTY CORP.Mortgage Calculator
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