Under contract-accepting backup offers. R-3 MULTIFAMILY ZONING - PACKAGE DEVELOPMENT OPPORTUNITY. This parcel is zoned R-3 Residential Multifamily and is offered only as part of a package sale with the adjacent lot at 4416 Cobalt St. (MLS#: O6389250). The two parcels total approximately 0.34 acres. Per the City of Palatka zoning verification letter attached in MLS documents, the combined site allows multifamily residential development with a maximum density of 18 dwelling units per acre, supporting up to 6 dwelling units total, subject to buyer verification, site planning, and required approvals. Possible uses include duplexes, townhomes, cluster housing, and multifamily development. In addition to residential uses, the City's zoning verification letter references certain Conditional Uses in the R-3 district, including professional/business offices, public offices, clinics, nursing/convalescent homes, and limited grocery retail, all subject to Conditional Use approval and buyer verification. Buyer should verify lot dimensions, frontage, easements, utilities, and development requirements with the City of Palatka and Putnam County.