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Turnkey Investment Portfolio with Exceptional Expansion Potential High-Yield Income + Unlocked Growth near the St. Johns River An incredible opportunity for institutional investors, syndicates, or seasoned portfolio buyers. This highly versatile, cash-flowing real estate portfolio offers immediate, diversified income streams alongside substantial future development potential in a strategic Florida commuting corridor. Situated just steps from the St. Johns River and minutes from SR-207, this portfolio offers seamless access to both Palatka and St. Augustine. Portfolio Highlights: 13 Residential Units: Fully established, income-producing residential inventory delivering... reliable, immediate cash flow. 6 Rented Lot Leases: Active land leases currently generating passive income with tenant-owned homes in place—offering low-maintenance return on investment. 5 Pad-Ready Lots: Pad-ready residential lots prepared for immediate home placement to quickly boost gross revenue. 11.9+ Acres of Additional Land: Prime contiguous acreage offering massive upside for future expansion, community development, storage facilities, or high-density residential build-out. Key Infrastructure & Location Advantages: Municipal Utilities: Essential infrastructure is already in place with reliable county water and sewer service across the property, significantly reducing future development costs. Commuter-Friendly Location: Direct, convenient access to SR-207 makes for an easy commute to St. Augustine, Palatka, and surrounding employment hubs. Lifestyle Appeal: Located just steps from the scenic St. Johns River, offering exceptional tenant retention driven by proximity to boating, fishing, and outdoor recreation. Whether you choose to hold and collect stable passive cash flow, develop the pad-ready lots, or execute a master plan for the 11.9 additional acres, this portfolio presents a rare combination of immediate yield and massive equity upside.
Data Source: REAL MLS
MLS#: 2166569
Data Source Copyright: © 2026 REAL MLS All rights reserved.
This property was listed on 9/25/2026 and last updated as of 9/25/2026 5:48:43 PM. OSI IDX updated the data from REAL MLS on 11/11/2026 at 8:18 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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