Remodeled Duplex with Vacation Rental
1936 S CENTRAL AVENUE Flagler Beach, FL 32136
For Sale
$675,000
Remodeled duplex offers two units, impact windows, and a transferable grandfathered vacation rental license.
Property Size2,400 SF
Price / SF$281.25
Days on Market446
Property Features for 1936 S CENTRAL AVENUE
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing Agency:
TAVOLACCI REALTY, INC.
(386) 503-3609
Listed By:
Carla Christy · License #3265147
(386) 503-3609
Source:
Exitrealty
Added: May 6, 2025
Changed: Jul 22
Last Checked: Jul 25 at 2:53AM
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 TAVOLACCI REALTY, INC.
Investment Insights
Based on property information with market context.
This remodeled duplex features two separate residential units with four bedrooms and four bathrooms total, along with tile/vinyl and ceramic tile flooring. The property includes double-pane impact windows throughout and a sunroom off the upstairs layout. The upstairs unit has a kitchen with solid wood cabinetry, stainless appliances, and granite countertops, plus a living area with sliding glass doors to a front deck. The downstairs unit includes a kitchen with wood cabinetry and granite countertops and ceramic tile floors. A separate two-car garage is located at the rear with alley access.
The home is situated on a high-and-dry lot and is described as being outside the flood zone, within a short distance to the beach.
As an added benefit, the property includes a grandfathered vacation rental license that is described as transferable to new owners.
The home is situated on a high-and-dry lot and is described as being outside the flood zone, within a short distance to the beach.
As an added benefit, the property includes a grandfathered vacation rental license that is described as transferable to new owners.
Key Highlights
- Remodeled 1976‑built duplex with two units and a transferable grandfathered vacation rental license
- 2017 remodel includes new double‑pane impact windows throughout
- Upstairs unit: 2 bedrooms, 2 baths, plus a sunroom and a front deck with ocean views
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 | $41.8k | $17.40 |
| − Vacancy | −$2.2k | −$0.90 |
| EGI | $39.6k | $16.50 |
| − OpEx | −$11.9k | −$4.95 |
| NOI | $27.7k | $11.55 |
2,400 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.9K
$346.4K – $461.9K
NOI $27,712 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 5.98%
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 - Remodeled duplex offers two units, impact windows, and a transferable grandfathered vacation rental license.
Where is this duplex located?
The property is located at 1936 S CENTRAL AVENUE Flagler Beach, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Remodeled 1976‑built duplex with two units and a transferable grandfathered vacation rental license; 2017 remodel includes new double‑pane impact windows throughout; Upstairs unit: 2 bedrooms, 2 baths, plus a sunroom and a front deck with ocean views
