5 Rainstone Lane, Palm Coast, FL 32164

Palm Coast
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
5 Rainstone Lane,Palm Coast, FL 32164
$499,900
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 2,575 sq. ft.
  • Multi-family
  • Active
Listed by: alina pekarsky
Office: virtual homes realty
MLS#:FC315542
Source:MFRMLS

Price summary

  • Price:$499,900
  • Price per sq. ft.:$194.14

About this home

Excellent investment opportunity! This 2022-built concrete block duplex features two identical units, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. Ideal 1031 Exchange Replacement Property! Both sides are currently rented, producing a combined annual income of $38,900, with long-term tenants in place who maintain their units impeccably and wish to continue leasing. Unit Side A has agreed to a rent increase upon lease expiration, offering immediate upside potential. Designed for easy ownership, both units feature granite countertops, no carpeting, and durable finishes throughout, keeping maintenance costs low. Built with solid concrete block construction, this property is ideal for investors seeking a turnkey, low-maintenance asset with reliable cash flow. Serious inquiries only. Please do not disturb tenants. Showings by appointment only with proof of funds or financing in place.

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Home facts

  • Year built:2022
  • Listing ID #:FC315542
  • Added:101 day(s) ago
  • Updated:May 08, 2026 at 12:00 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Solid Surface Counters
  • Bedroom Description:Walk-In Closet(s)
  • Living area:2,575 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2022
  • Building area:2,575 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Block, Stucco
  • Exterior Features:Covered Porch/Patio, Private Mailbox
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$194.14
  • Tax amount:$6,388 (2025)

Features and amenities

  • Appliances:Dishwasher, Microwave, Refrigerator
  • Laundry features:Laundry Room
  • Amenities:Cable Available, Open Floorplan, Solid Surface Counters, Thermostat, Walk-In Closet(s)
  • Pool features:Public Pool

Parking

  • Parking description:Attached Garage
  • Garage:Yes
  • Garage spaces:2
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