Brick Duplex with Shell-Condition
For Sale
$199,900
118 S Palm Dr, Brunswick, GA 31525
One residence is substantially finished, while the other remains unfinished and ready for completion.
Property Size1,832 SF
Price / SF$109.12
Days on Market18
Property Features for 118 S Palm Dr
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Duckworth Properties BWK
Listed By:
LeAnn Duckworth · License #245963
(912) 266-7675
Source:
Ginesandburnsed.searchhomesinsavannah
Added: Sep 20
Changed: Oct 1
Last Checked: Oct 7 at 12:32PM
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 Duckworth Properties BWK
Investment Insights
Based on property information with market context.
Built in 1985, this brick duplex contains 1,832 square feet across two units on a 0.23-acre lot. Each unit is configured with two bedrooms, one bathroom, a living room, kitchen, and laundry room.
Unit A is substantially complete, with carpet and a range/oven, refrigerator, and dishwasher in the kitchen. Unit B remains in shell condition and requires finish work. The property is located at 118 S Palm Dr in Brunswick.
Unit A is substantially complete, with carpet and a range/oven, refrigerator, and dishwasher in the kitchen. Unit B remains in shell condition and requires finish work. The property is located at 118 S Palm Dr in Brunswick.
Key Highlights
- 1,832 total square feet on a 0.23‑acre lot
- Two units, each with 2 bedrooms and 1 bathroom
- Unit A has carpet and a range/oven, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,108
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,160
$302.2K
Cap Rate 7%
$215,829
$215.8K
Cap Rate 9%
$167,867
$167.9K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$23.1K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.6K $11.78/SF
− OpEx
−$6.5K −$3.53/SF
NOI
$15.1K $8.25/SF
Area
Glynn County, GA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,160
Cap Rate 7%
$215,829
Cap Rate 9%
$167,867
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,108 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.5K
NOI $14,010 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 31525, GA
28,766
Population
12,373
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
98.3 sq mi
ZIP Area
293
Density / Sq Mi
$65,896
Median Household Income
$37,145
Median Earnings
$1,137
Median Rent
$198,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is substantially finished, while the other remains unfinished and ready for completion.
Where is this duplex located?
The property is located at 118 S Palm Dr Brunswick, GA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,832 total square feet on a 0.23‑acre lot; Two units, each with 2 bedrooms and 1 bathroom; Unit A has carpet and a range/oven, refrigerator, and dishwasher
