$472,500
$499,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
5 RAINSTONE LN Palm Coast, FL 32164
6 Beds
4 Baths
2,575 SqFt
Key Details
Sold Price $472,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,575 sqft
Price per Sqft $183
Subdivision Palm Coast Sec 30
MLS Listing ID FC315542
Sold Date 06/19/26
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
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.
Location
State FL
County Flagler
Community Palm Coast Sec 30
Area 32164 - Palm Coast
Zoning DPX
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
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Deanna Carr WATSON REALTY CORP
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