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Wade M. Berlin

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Broker IDX Sites Inc.
The Real Estate Professional You Deserve
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210 15th Street
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PRICED AT ONLY: $219,800

Address: 210 15th Street, PALATKA, FL 32177

Description

TRIPLE THREAT INVESTMENT: A Renovated Cash Flow Machine with Unmatched Upside 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. Its 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!
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  • MLS#: O6347110 ( Residential )
  • Street Address: 210 15th Street
  • Viewed: 17
  • Price: $219,800
  • Price sqft: $30
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 7405
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 25
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Vinyl
  • Living Area: 1409.00
  • Roof: Metal
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Cooktop, Refrigerator
  • Country: US
  • Interior Features: Eat-in Kitchen
  • Legal Description: PALATKA HILLCREST MB2 P42 BLK 297 LOT 7
  • Levels: One
  • Area Major: 32177 - Palatka
  • Occupant Type: Tenant
  • Parcel Number: 42-10-27-6850-2970-0070
  • Views: 17
  • Zoning Code: R-3

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin