Duplex with Updated Major
For Sale
$415,000
216 ULLIAN TRAIL A & B, Palm Coast, FL 32164
Two-unit property with open layouts, high ceilings, and bonus/flex rooms in each residence.
Property Size2,338 SF
Price / SF$177.50
Days on Market676
Property Features for 216 ULLIAN TRAIL A & B
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,408
Building Details
Year Built
2001
Listing Agency:
CENTURY 21 SUNDANCE REALTY
(386) 441-2000
Listed By:
Nicole Brousseau · License #3125448
(305) 310-2996
Source:
Exitrealty
Added: Dec 9, 2024
Changed: Sep 2
Last Checked: Sep 15 at 4:26AM
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 CENTURY 21 SUNDANCE REALTY
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Investment Insights
Based on property information with market context.
This 2,338-square-foot duplex, built in 2001, includes two residences with matching 2-bedroom, 2-bath layouts and a bonus/flex room in each unit. Both sides feature open-plan interiors and high ceilings, with design elements that support privacy between the residences. A roof replacement was completed in 2017 with a transferable warranty, and both water heaters were replaced in 2016. Unit B received an HVAC replacement in 2017. A transferable termite bond is also included.
The property is located in Palm Coast, with shopping, dining, and recreational facilities nearby. Beaches, golf courses, and scenic parks are within a short drive, adding access to a broad range of coastal and outdoor amenities.
The property is located in Palm Coast, with shopping, dining, and recreational facilities nearby. Beaches, golf courses, and scenic parks are within a short drive, adding access to a broad range of coastal and outdoor amenities.
Key Highlights
- 2,338‑square‑foot duplex built in 2001
- Each unit offers 2 bedrooms, 2 baths, and a bonus/flex room
- Open‑plan interiors with high ceilings in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,996
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
$539.9K
Cap Rate 7%
$385,657
$385.7K
Cap Rate 9%
$299,956
$300.0K
Market Conditions
NOI Build-Up for 2,338 SF
Gross rent
$40.7K $17.40/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$38.6K $16.50/SF
− OpEx
−$11.6K −$4.95/SF
NOI
$27.0K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
Cap Rate 7%
$385,657
Cap Rate 9%
$299,956
Alternative Uses
Best Use
Multifamily LT 5
$385.7K
$337.5K – $449.9K
NOI $26,996 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
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Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open layouts, high ceilings, and bonus/flex rooms in each residence.
Where is this duplex located?
The property is located at 216 ULLIAN TRAIL A & B Palm Coast, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,338‑square‑foot duplex built in 2001; Each unit offers 2 bedrooms, 2 baths, and a bonus/flex room; Open‑plan interiors with high ceilings in both residences
