$219,800
Active · 26 days on market · MLS# MFRO6347110
| Bedrooms | 4 |
|---|---|
| Bathrooms | 2 |
| Living area | 1,409 sq ft |
| Lot size | 0.17 acres |
| Year built | 1952 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $821 |
| County | Putnam |
TRIPLE-THREAT INVESTMENT: A Renovated Cash Flow Machine with Unmatched Upside This isn't just a property; it's a strategic investment with multiple streams of proven and potential income. Located in a prime Palatka neighborhood, this meticulously renovated 4-bedroom, 2-bathroom home is a genuine cash flow powerhouse, currently generating a stable $1,950 in monthly rental income. It’s a true turnkey asset, delivering immediate returns from day one. The appeal goes far beyond its current performance. This property offers two unique and valuable paths to increased revenue: Flexible Unit Conversion: The home's intelligent layout is designed for a seamless and cost-effective conversion into two separate 2-bedroom, 1-bathroom units, each with its own private kitchen. This transformation would unlock a significantly higher rental return, appealing to a wider tenant pool and maximizing your return on investment. Backyard DADU Potential: The expansive backyard presents a rare opportunity to build a Detached Accessory Dwelling Unit (DADU). This third income stream would provide a private, standalone rental unit, tapping into a growing market and dramatically increasing the property's overall value and passive income. A complete, high-impact renovation in 2025 ensures all major systems are new and worry-free. Updates include new plumbing, electrical, and HVAC, complemented by a modern kitchen, sleek bathrooms, and new flooring throughout. These high-end finishes not only support strong rental demand but also secure the asset's long-term appreciation. Recently appraised with excellent market value, this is a rare "triple-threat" opportunity for any investor seeking a high-performing, low-maintenance asset with built-in potential for exponential income growth. Secure your next high-value investment today!
Listing courtesy of Jose Villafana, AGENT TRUST REALTY CORPORATION. Presented by MC Homes Realty Inc · 727432218.