PALM COAST, FL 32164 5 RAINSTONE LANE
$499,900
28 more
Presented By: VIRTUAL HOMES REALTY with 386-569-5383. - 386-569-5383
Beds • 6
Baths • 4
SQFT • 2,575
Garage • 2
Home Details
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.
Presented By: VIRTUAL HOMES REALTY with 386-569-5383. - 386-569-5383
Interior Features for 5 RAINSTONE LANE
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesOpen Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
Laundry FeaturesLaundry Room
General for 5 RAINSTONE LANE
Additional Parcels Y/NNo
AppliancesDishwasher, Microwave, Refrigerator
Attached Garage Yes
Building Area UnitsSquare Feet
Carport Y/NNo
CityPALM COAST
Construction MaterialsBlock, Stucco
CoolingCentral Air
CountyFlagler
DirectionsBelle Terre Parkway to Rymfire, right turn onto Rae Drive, right turn onto Rainbrook, left turn to Raintree Place, turn left onto Rainstone Lane
Flood Zone CodeX
Flood Zone Code XY
Garage Spaces2
Garage Y/NYes
HeatingCentral, Electric, Heat Pump
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionPALM COAST SECTION 30 BLOCK 00025 LOT 0003 SUBDIVISION COMPLETION YEAR 1980 OR 182 PG 157
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet10019
Lot Size UnitsSquare Feet
MLS Area32164 - Palm Coast
Minimum LeaseNo Minimum
New ConstructionNo
Number Of Units Total2
OwnershipFee Simple
Patio/Porch FeaturesCovered
PossessionClose Of Escrow
Property SubtypeDuplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePALM COAST SEC 30
Tax Annual Amount6388
Tax Lot3
Tax Year2025
UtilitiesCable Available, Sewer Connected, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built2022
ZoningDPX
Exterior for 5 RAINSTONE LANE
Covered Spaces2
Exterior AmenitiesPrivate Mailbox
Foundation DetailsSlab
Lot Size Acres0.23
Lot Size Area10019
Number of Buildings1
Private PoolNo
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Steven Silcock
Broker Owner