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106 E Warren Avenue, East Palatka
$1,450,000
2166569 MLS ⋅ 32131 Zip Code
Turnkey Investment Portfolio with Exceptional Expansion Potential High-Yield Income + Unlocked Growth near the St. Johns River An incredible opportunity for institutional investors, syndicates, or seasoned portfolio buyers. This highly versatile, cash-flowing real estate portfolio offers immediate, diversified income streams alongside substantial future development potential in a strategic Florida commuting corridor. Situated just steps from the St. Johns River and minutes from SR-207, this portfolio offers seamless access to both Palatka and St. Augustine. Portfolio Highlights: 13 Residential Units: Fully established, income-producing residential inventory delivering reliable, immediate cash flow. 6 Rented Lot Leases: Active land leases currently generating passive income with tenant-owned homes in place—offering low-maintenance return on investment. 5 Pad-Ready Lots: Pad-ready residential lots prepared for immediate home placement to quickly boost gross revenue. 11.9+ Acres of Additional Land: Prime contiguous acreage offering massive upside for future expansion, community development, storage facilities, or high-density residential build-out. Key Infrastructure & Location Advantages: Municipal Utilities: Essential infrastructure is already in place with reliable county water and sewer service across the property, significantly reducing future development costs. Commuter-Friendly Location: Direct, convenient access to SR-207 makes for an easy commute to St. Augustine, Palatka, and surrounding employment hubs. Lifestyle Appeal: Located just steps from the scenic St. Johns River, offering exceptional tenant retention driven by proximity to boating, fishing, and outdoor recreation. Whether you choose to hold and collect stable passive cash flow, develop the pad-ready lots, or execute a master plan for the 11.9 additional acres, this portfolio presents a rare combination of immediate yield and massive equity upside.

106 E Warren Avenue, East Palatka

122 Macon Road, Palatka
$1,495,000
8 Beds ⋅ 7 Baths ⋅ 2153530 MLS ⋅ 32177 Zip Code
Truly magnificent multi dwelling property located in Palatka ''Raven'sRetreat'' is nestled next to the St. John's River at Brown's Landing for quick access to boating & water-sports and on a dead-end street with minimum traffic. A beautiful split rail custom built white wood fence was installed across the front of the property with 2 decorative gates featuring the tree of life are operated by remote electric Ghost openers. There is also white privacy fencing from the front to the back of the house as well as around the pool area. This truly 1-of-a kind estate consists of 4 separate dwellings, screened lanais, paver brick sidewalks, palm tree lined driveway, heated salt swimming pool with spa & luminars built by the reputable Batts Pool Company of Jacksonville. The property features 2 artesian wells w/ water treatment, including water softeners. Tankless gas water heaters, 3 engineered septic systems, 3 Generac 250-amp generators, 3 buried 250-gallon propane tanks. See Supplement! The main house is newly constructed by a great local custom builder, Ideal Homes. It includes 3 bedrooms 3 baths and was built with insulated cement blocks covered by full bricks and lots of insulation. Immaculate upgrades throughout including crown molding and 7 "base boards even in the garage! All on one level, high ceiling, loads of natural light, gorgeous oversize wood-look tile throughout. Plantation shutters, quartz countertops and stainless appliances. The extra-large garage features 4 custom built storage/closet/pantry that allows for extra storage, the floor has been finished with Shark Coating flooring. The North dwelling at 120 Macon Rd is a 2-bedroom 2 bath mobile home recently remodeled, excluding the kitchen, but it is very clean and well organized. Upgrades include a new roof, siding, windows, flooring, bathrooms, AC with new duck work, painted inside and out as well as a 2-car insulated garage. There is a studio/office that can be used as an efficiency, pool house or grounds keeper home equipped with full bath, bedroom, kitchen, living area and a screened lanai with fans and lighting with a paver brick sidewalk to the lanai/pool area. Last but not least is a 2-bedroom 1 bath home, kitchen with wood-look tile throughout. The screen lanai is great to watch the wild turkeys and deers walking around at night. The lanai's floor is also finish with Shark Coating flooring. There is a lighted carport & separate laundry room. The home has a separate driveway entrance and has been occupied by a very nice, quiet and great single tenant for over 2 years and she would love to stay in her quiet retreat for as long as she can with family living nearby. The owners have meticulously maintained this property, no expenses were spared throughout. . Plenty of green grass, crêpe myrtles, bottle brush, bamboo, split leaf philodendron adorn the grounds. A family could literally live off the grid. There are two large RV garage bays including RVhookups to septic, 50-amp power and water inside and outside the garages. There is 1 separate workshop & a 250-gallon air compressor for air tools. All garages and lanais are insulated. You really need to see this unique property to appreciate everything it has to offer!!!

122 Macon Road, Palatka

100 Pilothouse Court, Palatka
$2,499,000
2139917 MLS ⋅ 32177 Zip Code
Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment. The residential portfolio consists of: 3 single-family homes 1 triplex 2 duplexes (Totaling 11 rentable units and 3,650 rentable nights annually) In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand. Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55-65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings. A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including: Owner/operator headquarters Equipment or fleet storage Income-producing commercial lease Medical, wellness, or therapy facility conversion Assisted living / elder care concept (subject to zoning/approvals) This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential. Market Tailwinds - Putnam County Growth: Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.

100 Pilothouse Court, Palatka

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