Description of 106 E Warren Avenue, East Palatka - MLS# 2166569
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.
