Updated Duplex with Tenants In
10 BREN MAR LANE Palm Coast, FL 32137
New
For Sale
$439,900
Two freshly renovated units with tenants in place, plus major system updates including roof, HVAC, and water heaters.
Property Size2,059 SF
Price / SF$213.65
Days on Market4
Property Features for 10 BREN MAR LANE
General Information
- Standard status
- Active
- Size
- 2,059 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1987
Listing Agency:
RE/MAX SELECT PROFESSIONALS
(386) 283-4966
Listed By:
Ann Gordon · License #3282712
Source:
Dennisrealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT PROFESSIONALS
Investment Insights
Based on property information with market context.
This updated duplex features two freshly renovated units, each side newly improved top to bottom. Unit A includes 2 bedrooms and 2 bathrooms with a layout totaling 914 square feet. Unit B offers 3 bedrooms and 2 bathrooms with a layout totaling 1,144 square feet. The renovation includes a new kitchen and appliances, updated bathrooms and light fixtures, and improvements such as a newer roof and gutters, HVAC and water heaters, and painted garage floors.
The property is located in Palm Coast, conveniently near shopping, parks, and schools. Both units are currently occupied by tenants in place.
With tenant occupancy and full-side renovations completed, the duplex presents a straightforward income-oriented residential property configuration for an owner seeking immediate rental income.
The property is located in Palm Coast, conveniently near shopping, parks, and schools. Both units are currently occupied by tenants in place.
With tenant occupancy and full-side renovations completed, the duplex presents a straightforward income-oriented residential property configuration for an owner seeking immediate rental income.
Key Highlights
- Duplex built in 1987 with two freshly renovated units and tenants already in place
- Unit A: 914 SF, 2 bed/2 bath with newly updated kitchen, appliances, bathrooms, and light fixtures
- Unit B: 1,144 SF, 3 bed/2 bath with newly updated kitchen, appliances, bathrooms, and light fixtures
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $17.40 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $34.0k | $16.50 |
| − OpEx | −$10.2k | −$4.95 |
| NOI | $23.8k | $11.55 |
2,059 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$339.6K
$297.2K – $396.3K
NOI $23,775 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,122 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$494.8K
$433.0K – $577.3K
NOI $34,636 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two freshly renovated units with tenants in place, plus major system updates including roof, HVAC, and water heaters.
Where is this duplex located?
The property is located at 10 BREN MAR LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Duplex built in 1987 with two freshly renovated units and tenants already in place; Unit A: 914 SF, 2 bed/2 bath with newly updated kitchen, appliances, bathrooms, and light fixtures; Unit B: 1,144 SF, 3 bed/2 bath with newly updated kitchen, appliances, bathrooms, and light fixtures
