Active

$219,800

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1409 sq ft
Overview
  • ID: MFRO6347110
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1409 sq ft
Property Details
Remarks
TRIPLE-THREAT INVESTMENT: A Renovated Cash Flow Machine with Unmatched Upside This isn't just a property; it's a strategic investment with multiple streams of proven and potential income. Located in a prime Palatka neighborhood, this meticulously renovated 4-bedroom, 2-bathroom home is a genuine cash flow powerhouse, currently generating a stable 1950 in monthly rental income. It’s a true turnkey asset, delivering immediate returns from day one. The appeal goes far beyond its current performance. This property offers two unique and valuable paths to increased revenue: Flexible Unit Conversion: The home's intelligent layout is designed for a seamless and cost-effective conversion into two separate 2-bedroom, 1-bathroom units, each with its own private kitchen. This transformation would unlock a significantly higher rental return, appealing to a wider tenant pool and maximizing your return on investment. Backyard DADU Potential: The expansive backyard presents a rare opportunity to build a Detached Accessory Dwelling Unit (DADU). This third income stream would provide a private, standalone rental unit, tapping into a growing market and dramatically increasing the property's overall value and passive income. A complete, high-impact renovation in 2025 ensures all major systems are new and worry-free. Updates include new plumbing, electrical, and HVAC, complemented by a modern kitchen, sleek bathrooms, and new flooring throughout. These high-end finishes not only support strong rental demand but also secure the asset's long-term appreciation. Recently appraised with excellent market value, this is a rare "triple-threat" opportunity for any investor seeking a high-performing, low-maintenance asset with built-in potential for exponential income growth. Secure your next high-value investment today!
Financial Considerations
Price:
$219,800
HOA Fee:
N/A
Tax Amount:
$821
Price per SqFt:
$156
Tax Legal Description:
PALATKA HILLCREST MB2 P42 BLK 297 LOT 7
Exterior Features
Lot Size:
7405
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Cooktop, Refrigerator
Furnished:
No
Floor:
Vinyl
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1952
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    210 S 15TH ST
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