Property Description
Investor Opportunity in Palm Coast! Well-maintained duplex located at 5 Rainbow Ln in Palm Coast, offering an excellent opportunity for investors seeking immediate rental income. Both units are currently leased through the end of October, providing built-in cash flow from day one. Each unit offers comfortable living space with functional layouts, private entrances, and dedicated parking. The property is situated in a quiet residential area of Palm Coast, conveniently located near shopping, dining, parks, and major roadways, with easy access to the beach and surrounding communities. Whether you're looking to expand your rental portfolio or secure a steady income-producing property, this duplex presents a solid investment in one of Palm Coast's growing neighborhoods.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Taxes: $5,844
Year Built: 2022
Square Feet: 1,954
Amenities
Eat-in Kitchen
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Lighting
Other
Sliding Doors
Feature Descriptions
Annual Net Income: 36000.00
Directions: Head east on E Moody Blvd, Turn left onto Old Kings Rd, Turn left onto Town Center Blvd, Turn right onto Royal Palms Pkwy, Turn right onto Belle Terre Pkwy, Turn left onto Rymfire Dr, Turn right onto Rae Dr, Turn right onto Raintree Pl, Turn right onto Ra
Exterior: Block, Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.23
Ownership: Fee Simple
Parking: Driveway, Garage Door Opener
Parking Notes: Driveway, Garage Door Opener
Pets Allowed: Yes
Pets Restrictions: Buyer To Verify All Pet Restrictions
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: DPX
Local Schools
High School: Matanzas High
Middle School: Indian Trails Middle-FC
Elementary School: Rymfire Elementary
Listed By / Shown By
Listed By
Agency Name: REDFIN CORPORATION
Agency Contact: 407-708-9747
Shown By
Agent Name: Tiffany Matics-Machusak
Agent Phone: (304) 545-7827
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 3,043.91 per month $2,411.08 Principal & Interest $487.00 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
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5 Rainbow Lane | MLS# O6387739
This multi-family property located at 5 Rainbow Lane , Palm Coast, FL 32164 is currently listed for sale with an asking price of $500,000. Search Palm Coast real estate on tiffanym.watsonrealtycorp.com today.