Photo 1 of 15
$219,800
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
4 |
2.00 |
1,409 |
$821 |
1952 |
On the market:
25 days
|
View full details, 15 photos, school info, and price history
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 $1,950 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!
Listing courtesy of Jose Villafana, AGENT TRUST REALTY CORPORATION