$213,900
●
House -
For Sale
216 MIMOSA Drive
Palatka, FL 32177
4 Beds
2 Baths
1,686 Ft²
$1,343
Est. Monthly
About This Property
INVESTOR ALERT - INCOME-PRODUCING DUPLEX! Looking to expand your
rental portfolio? Don't miss this opportunity to own an established
income-producing duplex in Palatka! This property features two
2-bedroom, 1-bath units, each offering its own screened back porch.
A durable metal roof adds to the property's appeal. Both units are
currently tenant-occupied, generating a combined $1,850 per month
in rental income, providing an immediate revenue stream for the
next owner. Whether you're a seasoned investor looking to expand
your holdings or just beginning to build your real estate
portfolio, this property is worth a look! INVESTMENT PORTFOLIO
OPPORTUNITY! Four additional homes are also available for purchase,
offering investors the flexibility to purchase properties
individually or together as a larger investment portfolio. Take
advantage of this opportunity to acquire established rental
properties and grow your investment portfolio in Palatka!
Unit Size
1,686 Ft²
Days on Market
6 days
Land Size
0.22 acres
Price per sqft
$127
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1975
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 days ago (Real MLS #2172669)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2026 | Listed by THE FIELDS GROUP REALTY | $213,900 | |
| Listed by THE FIELDS GROUP REALTY | |||
| Aug 21, 2018 | Sold | ||
| Sold | |||
| May 8, 2017 | Sold | ||
| Sold | |||
| Nov 18, 2015 | Sold | ||
| Sold | |||
| Sep 30, 2015 | Listed by COLDWELL BANKER BEN BATES INC | $54,900 | |
| Listed by COLDWELL BANKER BEN BATES INC | |||
| | |||
|
Great potential for homeowner or investor. 4BD/ 2BA Duplex apartment in a great location with appliances and screen porch, close to everything.
| |||
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Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 2
Appliances: None
Flooring Type: Carpet, Tile
Exterior Details
Square Footage: 1686
Square Footage Source: $0
Year Built: 1975
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Water Source: Public
Financial Details
Tax Annual Amount: $3,502
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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HOA + Taxes
About Palatka
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Listed by: CHRIS FIELDS, THE FIELDS GROUP REALTY
Last Updated: 6 days ago
Data Source: Real MLS, MLS# 2172669
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 6 days ago
Data Source: Real MLS, MLS# 2172669
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