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$500,000

5 Rainbow Lane Palm Coast, FL 32164 Multi Unit - Multiple Active

  • 5 Rainbow Lane , Palm Coast, FL 32164 Main Photo

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Description

Investor Opportunity in Palm Coast! Well-maintained duplex located at 5 Rainbow Ln in Palm Coast, offering an excellent opportunity for investors seeking immediate rental income. Both units are currently leased through the end of October, providing built-in cash flow from day one. Each unit offers comfortable living space with functional layouts, private entrances, and dedicated parking. The property is situated in a quiet residential area of Palm Coast, conveniently located near shopping, dining, parks, and major roadways, with easy access to the beach and surrounding communities. Whether you're looking to expand your rental portfolio or secure a steady income-producing property, this duplex presents a solid investment in one of Palm Coast's growing neighborhoods.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $5,844
Year Built: 2022

General Information

Bedrooms: 4
Sqft: 1,954
County: Flagler
High School: Matanzas High
Subdivision: PALM COAST
Listed By:
Thomas Bayrouty, Jr REDFIN CORPORATION 407-708-9747

Amenities

Eat-in Kitchen
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Lighting
Other
Sliding Doors

Property Features

Annual Net Income: 36000.00
Directions: Head east on E Moody Blvd, Turn left onto Old Kings Rd, Turn left onto Town Center Blvd, Turn right onto Royal Palms Pkwy, Turn right onto Belle Terre Pkwy, Turn left onto Rymfire Dr, Turn right onto Rae Dr, Turn right onto Raintree Pl, Turn right onto Ra
Exterior: Block, Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.23
Ownership: Fee Simple
Parking: Driveway, Garage Door Opener
Parking Notes: Driveway, Garage Door Opener
Pets Allowed: Yes
Pets Restrictions: Buyer To Verify All Pet Restrictions
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: DPX
$500,000
4beds
1,954sqft
2cars
New to the Market Active
BEDS4 BATHS SQUARE FEET1,954 MLS#O6387739
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPALM COAST

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5 Rainbow Lane , Palm Coast, FL 32164.

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Estimated Payment

$ 2,319.25 per month $1,686.42 Principal & Interest $487.00 Property Tax $145.83 Homeowner's Insurance

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