5 RAINSTONE LN, PALM COAST, FL 32164

$499,900

Pending · 118 days on market · MLS# MFRFC315542

Bedrooms6
Living area2,575 sq ft
Lot size0.23 acres
Year built2022
Property typeDuplex
Garage spaces2
Private poolYes
WaterfrontYes
Annual taxes$6,388
CountyFlagler

About this home

Under contract-accepting backup offers. 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.

Listing courtesy of Alina Pekarsky, VIRTUAL HOMES REALTY. Presented by MC Homes Realty Inc · 727432218.

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