3833-3835 Reid St, Palatka, FL 32177

$1,100,000
List Price
$1,100,000
Status
ACTIVE
MLS#
244653
County
Putnam
Year Built
1954
Subdivision
Palatka

Property 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 & Income: This property includes 3 single-family homes and 4 duplexes, generating $123,000 in gross rental income from 11 fully-occupied units. 8.53% Cap Rate. 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.

Additional Information

Days on Market
34
Units
11

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway Homeservices Florida Network Realty.