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 property 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.
**Prime Investment Opportunity**: Nestled on a spacious 1.22-acre lot, Three duplexes with 2 bedrooms/1 bath presents an enticing prospect for savvy investors seeking to maximize returns. With Three separate units, each unit has 2 units boasting its own living space, kitchen, and bedrooms, this property offers flexibility and potential for rental income or multi-generational living arrangements. Call for your showing.
Courtesy: EAZ REALTY LLC
386-585-4833
**Prime Investment Opportunity**: Nestled on a spacious 1.22-acre lot, Three duplexes with 2 bedrooms/1 bath presents an enticing prospect for savvy investors seeking to maximize returns. With Three separate units, each unit has 2 units boasting its own living space, kitchen, and bedrooms, this property offers flexibility and potential for rental income or multi-generational living arrangements. Owner willing to have the lots split! Call for your showing.
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Palatka is located in Florida. Palatka, Florida has a population of 10,399. Palatka is less family-centric than the surrounding county with 12.62% of the households containing married families with children. The county average for households married with children is 18.89%.
The median household income in Palatka, Florida is $28,082. The median household income for the surrounding county is $39,975 compared to the national median of $69,021. The median age of people living in Palatka is 37.4 years.
The average high temperature in July is 91 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 50.6 inches per year, with 0 inches of snow per year.
