Portfolio of Properties For Sale

  SOLD March 2020 for $742,500

[Address Withheld], Palatka, Florida 32177


Units10
ZoningResidential

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


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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