Portfolio of 2 Assets For Sale, Multifamily Portfolio in Palatka FL
3833 Reid Street and 3835 Reid Street, Palatka, Florida 32177
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