3833-3835 Reid St Single-Family Houses, FL

All  »  Florida  »  Palatka, FL

Reid St, Palatka, Home For Sale

Price: 1100000
Address: 3833-3835 Reid St
City: Palatka
State: FL
Zip:
Provided By: RealtyWW

Description:

Introducing a unique investment opportunity in the rapidly expanding commercial corridor near State Road 100 and State Road 19 a prime 3.42-acre property that offers a blend of multifamily residential income and commercial development potential. Key Highlights: Current Use and Income: This property includes 3 single-family homes and 4 duplexes, generating $113, 000 in gross rental income from 11 fully-occupied units. Rents are set to increase on November 1, boosting the cap rate to 8.5%. 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. Development Potential: With 20, 000 cars passing the property daily and direct left-hand turning access, this location offers outstanding exposure for commercial enterprises.

Contact Us at RentUntilYouOwn.com

To learn what people aren't telling you about rent to own homes, how it really works, and how to succeed.

  • This field is for validation purposes and should be left unchanged.
About RentUntilYouOwn.com
Our website is setup with buyers in mind. We provide rent to own listings throughout the Country and offer "how-to" guides with the most up to date rent to own information available on the web today! We want to help people who may not have perfect credit now, but want to explore all options in how, when, and what type of financing they will need to buy a home in the future. Some need time to alleviate a shortage of down payment money, some need time to solve credit issues. Some just want to try out the house, schools or neighborhood.
Nearby Locations