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505 Oleander Dr

Property Info:

Price: $127,000

Address: 505 Oleander Dr

City: Palatka

State: FL

Zip Code: 32177


Year Built: 1977

Terms: Assignment of Contract

Property Type: Duplex

Square Feet: 1,566

Bedrooms: 4

Bathrooms: 2

Const. Type: Concrete Block

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Great opportunity for a value add purchase on this concrete block duplex in Palatka. Each unit is a 2/1, tenant occupied on a month-to-month lease of $550 per side, with monthly market rent being $900 a month once improved. Property needs a new roof, AC units, and general renovation. Opportunity to do a mild renovation to keep costs low while increasing monthly rent, or a more thorough renovation to equal recent sold comp of $240,000. Property is ready to close on 6/2!


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