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3833-3835 Reid St
Palatka FL 32177 US

$1,100,000

Active Listing ID 244653
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$1,100,000

Active Listing ID 244653
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3833-3835 Reid St Introducing A Unique Investment Opportunity In The Rapidly Expanding Commercial Corridor Near State Road 100 And State Road 19 – 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., Development Potential: With 20, 000 Cars Passing The Property Daily And Direct Left-hand Turning Access, This Location Offers Outstanding Exposure For Commercial Enterprises. The Nearby Intersection Is Already Home To Major Retailers And Restaurants Like Lowe’s, Home Depot, Holiday Inn Express, Zaxby’s, And The Brand New Wawa And Longhorn Steakhouse. Financing Options: Seller Financing Is Available, Making It Easier To Seize This Lucrative Opportunity. Buyer Is Only Required To Obtain Liability Insurance, Not Property Insurance – A Significant Cost Savings. Solid Construction: All Structures Are Built With Durable Block Construction. Whether You're Looking To Develop A Commercial Property, Petition For A Zoning Change To Add Additional Units, Or Simply Collect Rent While Finalizing Your Plans, This Property Offers Unlimited Potential In A Highly Desirable And Fast-growing Area. Don’t Miss Out On This Rare Chance To Invest In A Property With Income Generation, Future Development Potential, And A Prime Location! Sale Includes Both Parcels: 02-10-26-0000-0430-0000 And 02-10-26-0000-0390-0000

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1100000
  • unparsedaddress: 3833-3835 Reid St
  • postalcity: Palatka
  • stateorprovince: FL
  • country: US
  • postalcode: 32177
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 29.6593822203665
  • longitude: -81.6742067619018
  • listagentfullname: Lise Murphy
  • listagentemail: lise.murphy@floridanetworkrealty.com
  • listagentkey: 3yd-SJCBORFL-4586
  • listagentmlsid: 4586
  • listagentpreferredphone: 9049996230
  • listagentofficephone: 9049996230
  • listofficekey: 3yd-SJCBORFL-498
  • listofficemlsid: 498
  • disclaimer: Copyright © 2024 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: SJCBORFL
  • yearbuilt: 1954
  • listingcontractdate: 2024-09-29
  • listagenturl: http://floridanetworkrealty.com
  • countyorparish: Putnam
  • parcelnumber: 02-10-26-0000-0390-0000
  • numberofunitstotal: 11
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Berkshire Hathaway HomeServices
  • interiorfeatures: See Docs For All 11 Unit Info
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.67421, 29.659382
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Berkshire Hathaway HomeServices Florida Network Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"lise.murphy@floridanetworkrealty.com", "ListBrokerageCity":"Jacksonville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Ann.King@FloridaNetworkRealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/SJCBORFL/cba14f51296f11e0ab6100219b9aa4d8/20140204165307910.png", "ListBrokerageName":"Berkshire Hathaway HomeServices Florida Network Realty", "ListBrokeragePhone":"904.999.6230", "ListBrokeragePostalCode":"32216-1406", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"Suite 475", "ListBrokerageUnparsedAddress":"4190 Belfort Road", "ListBrokerageWebsiteUrl":"http://floridanetworkrealty.com", "ListOfficeAddress1":"112 SEA GROVE MAIN STREET", "ListOfficeAddress2":"SUITE 210", "ListOfficeBrokerMlsId":"617", "ListOfficeCity":"ST. AUGUSTINE", "ListOfficeCountry":"US", "ListOfficeEmail":"tglochau@comcast.net", "ListOfficePostalCode":"32080", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartments (5+ Units) - Palatka, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3835-Reid-St-Apt-1_Palatka_FL_32177_M52426-22780?f=listhub&s=SJCBORFL&m=244653&c=rexren", "MLSModificationTimestamp":"2024-10-31T19:02:16Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11825.59, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:40:15 AM GMT
Source Updated Date: 12/4/2024 6:52:30 AM GMT

Courtesy of: Lise Murphy, Berkshire Hathaway Homeservices Florida Network Realty, lise.murphy@floridanetworkrealty.com

Copyright © 2024 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.