$1,100,000
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3833-3835 REID ST Palatka, FL 32177
Apartment Building
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Introducing a unique investment opportunity in the rapidly expanding commercial corridor near State Road 100 and State Road 19 รข?? a prime 3.42-acre property that offers a blend of multifamily residential income and commercial development potential. Key Highlights: Current Use & Income: This prope...rty includes 3 single-family homes and 4 duplexes, generating $123,000 in gross rental income from 11 fully-occupied units. 8.53% Cap Rate. Zoning Flexibility: Zoned Commercial (C2), this property is ideal for a wide range of business uses, including a medical facility, hotel, or other high-demand commercial ventures. Benefit from existing rental income while planning for future development.
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MLS#
244653
Property Type
Apartment Building
Year Built
1954
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