1
  • Property Type
  • Duplex, Residential Income
  • 6
  • Bedrooms
  • 4
  • Bathrooms
  • 2
  • Garages
  • Sqft
  • Area Size
5 Rainstone Ln, Palm Coast, Florida 32164
  • $499,900

Description

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.

  • Address: 5 RAINSTONE LANE
  • City: Palm Coast
  • State/county: FL
  • Zip/Postal Code: 32164
  • Country: US

Details

Updated on June 19, 2026 at 7:55 pm
  • Property ID FC315542
  • Price $499,900
  • Land Area 0.23 Acres
  • Bedrooms 6
  • Bathrooms 4
  • Garages 2
  • Year Built 2022
  • Property Type Duplex, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Conventional
  • Roof Shingle
  • Utilities Cable Available, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central, Electric, Heat Pump
  • County Flagler
  • Property Type Residential Income

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