Introducing a unique investment opportunity in the rapidly expanding commercial corridor near State Road 100 and State Road 19 â?? 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.
**Prime Investment Opportunity**: Nestled on a spacious 1.22-acre lot, Three duplexes with 2 bedrooms/1 bath presents an enticing prospect for savvy investors seeking to maximize returns. With Three separate units, each unit has 2 units boasting its own living space, kitchen, and bedrooms, this property offers flexibility and potential for rental income or multi-generational living arrangements. Call for your showing.
**Prime Investment Opportunity**: Nestled on a spacious 1.22-acre lot, Three duplexes with 2 bedrooms/1 bath presents an enticing prospect for savvy investors seeking to maximize returns. With Three separate units, each unit has 2 units boasting its own living space, kitchen, and bedrooms, this property offers flexibility and potential for rental income or multi-generational living arrangements. Owner willing to have the lots split! Call for your showing.
The median home value in Palatka, FL is $173,400. This is lower than the county median home value of $177,500. The national median home value is $338,100. The average price of homes sold in Palatka, FL is $173,400. Approximately 42.93% of Palatka homes are owned, compared to 47.76% rented, while 9.31% are vacant. Palatka real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palatka real estate agent to arrange a tour today!
Palatka, Florida 32177 has a population of 10,399. Palatka 32177 is more family-centric than the surrounding county with 19.89% of the households containing married families with children. The county average for households married with children is 18.89%.
The median household income in Palatka, Florida 32177 is $28,082. The median household income for the surrounding county is $39,975 compared to the national median of $69,021. The median age of people living in Palatka 32177 is 37.4 years.
The average high temperature in July is 91 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 50.6 inches per year, with 0 inches of snow per year.