11 RIDDLE DR, PALM COAST, FL, 32164
$375,000
Residential
Bedrooms
5
Bathrooms
3
Living Area
2,957 Sqft
Lot Size
10,019 Sqft
Attention investors! Skip the vacancy, skip the renovations, and step directly into immediate cash flow with this tenant occupied income producing property at 11 Riddle Drive in Palm Coast. This spacious 5 bedroom, 3 bathroom home offers approximately 3,000 living square feet on just under a quarter acre lot and is already equipped with what every investor wants… built in income from day one. This property comes with established tenants already in place under a current 2 year lease and is currently producing $3,000 per month in rental income, creating immediate cash flow without the hassle of vacancy, marketing, or tenant placement. Even better, the tenants have expressed interest in continuing their occupancy beyond the current lease term, providing strong long term stability potential for the next owner. Built by Adams Homes, quality stands out immediately. Unlike many homes built with brick veneer accents, this home features true brick construction, offering durability, craftsmanship, timeless curb appeal, and the solid feel Adams Homes are known for. Major capital improvements have already been taken care of, helping make this an attractive low maintenance investment opportunity for years to come. The home received a new architectural shingle roof in 2021 along with a new AC system and hot water heater in 2025, significantly reducing concerns over large ticket repair items and helping provide peace of mind for future ownership. Beyond the immediate income opportunity, this property also offers future upside potential through equity growth and appreciation. As the Palm Coast market continues to develop and mature, investors have the opportunity to benefit not only from monthly cash flow, but also long term wealth building through future appreciation. Whether you are looking to expand your portfolio, secure a long term hold, or add a strong performing asset with immediate income potential, this property checks all the boxes. Cash flowing opportunities with built in tenants, updated major systems, and long term upside do not come around often. This could be the next cash cow your portfolio has been waiting for.
Property Details
Property Features Property Features
MLS ID: MFRFC318586 Year Built: 2006
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator Construction Materials: Brick
Cooling: Central Air Country: US
County Or Parish: Flagler Direction Faces: Southwest
Exterior Features: Private Mailbox, Storage Fireplace Features: Living Room, Wood Burning
Flooring: Carpet, Linoleum Foundation Details: Slab
Furnished: Unfurnished Heating: Central, Electric, Heat Pump
Laundry Features: Inside, Laundry Room Levels: One
Listing Agreement: Exclusive Right To Sell Lot Features: City Limits, Landscaped, Level, Paved
Occupant Type: Tenant Other Equipment: Irrigation Equipment
Other Structures: Shed(s) Patio And Porch Features: Patio
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Paved Roof: Shingle
Sewer: Holding Tank, Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water Source: Public Window Features: Blinds
Rooms Rooms
Living Room: 25.11x34.6 ft Dining Room: 12x14.1 ft
Laundry: 75x8 ft Kitchen: 19.1x14 ft
Bedroom 2: Bedroom 3: 11.2x13.1 ft
Bathroom 4: Bedroom 5:
Primary Bedroom: 23.4x13.11 ft
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