Bought with
210 S 15TH ST Palatka, FL 32177
4 Beds
2 Baths
1,409 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,409 sqft
Price per Sqft $155
Subdivision Palatka Hillcrest
MLS Listing ID O6347110
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1952
Annual Tax Amount $821
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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!
Location
State FL
County Putnam
Community Palatka Hillcrest
Area 32177 - Palatka
Zoning R-3
Interior
Interior Features Eat-in Kitchen
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace false
Appliance Cooktop, Refrigerator
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Electricity Available, Public
Roof Type Metal
Garage false
Private Pool No
Building
Entry Level One
Foundation Other
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6347110
