About this property
Portfolio of 10 rental properties located in Palatka, FL (Putnam County).
Consists of 25 rentable units w/one additional unit pending renovation.
Mix of four single-family homes and eleven duplexes.
Reid Street consists of two parcels totaling 3+ acres with Putnam County C-2 zoning:
• Three single-family homes four duplexes.
• Eleven rentable units.
• Potential for redevelopment.
• Active location near the corner of SR 19.
• Nearby businesses include Lowes, Putnam Lanes, Holiday Inn Express, Dollar General, Golden Corral, Sonny’s and Zaxby’s.
$1.69M for full portfolio.
$890K for Reid St portfolio only. $800K for Ross, Oleander & Mimosa only.
Attractive Cap rate of 8%
Fully occupied with month-to-month tenants
Over three acres on Reid St with redevelopment potential
Centrally located within an hour of Jacksonville, Daytona Beach and St Augustine
235 Mimosa Dr
Palatka, FL
Multi-Family
1,796 SF
201 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
213 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
301 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
305 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
313 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
409 Oleander Dr
Palatka, FL
Multi-Family
1,566 SF
3833 Reid St
Palatka, FL
Multi-Family
1,270 SF
3835 Reid St
Palatka, FL
Multi-Family
14,790 SF
3323 Ross Cir
Palatka, FL
Specialty
784 SF
10 Assets
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Units
- 10
- Zoning
- Residential
Location
- Address
- Palatka, Florida 32177