Multi-Family•Dulpex•For Sale

Portfolio of 2 Assets For Sale, Multifamily Portfolio in Palatka FL

3833 Reid Street and 3835 Reid Street, Palatka, Florida 32177

Sale Price $799,000
Class C
Status Existing
Year Built 1954
Stories 1
Gross Bldg 16,060 SqFt
Floor Size 16,060 SqFt
Land Area 3 Acres
Project Size 16,060
Market Deltona/Daytona Beach
Parcel# 02-10-26-0000-0430-0000, 02-10-26-0000-0390-0000
Located on 3+ acres with Putnam County C-2 zoning: 3833 Reid St. - Multi-Family 1,270 SF 3835 Reid St. - Multi-Family 14,790 SF • Three single-family homes & four duplexes. • Eleven (11) rentable units. • Potential for future redevelopment. • Active location near the corner of State Road 19. • Nearby businesses include Lowes, Putnam Lanes, Holiday Inn Express, Dollar General, Golden Corral, Sonny’s and Zaxby’s.
  • Attractive cap rate of 7.1%
  • Fully occupied with month-to-month tenants
  • Over three acres on Reid St with redevelopment potential
  • Centrally located within an hour of Jacksonville, Daytona Beach and St Augustine
1/1/2020 12:00:00 AM 3/26/2020 7:57:00 PM

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