Duplex with Central
2225 INDIA PALM DRIVE, Edgewater, FL 32141
For Sale
$329,000
Two-unit residential income property built in 2002 with central air and central heating.
Property Size1,972 SF
Price / SF$166.84
Days on Market103
Property Features for 2225 INDIA PALM DRIVE
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Central
Building Details
Year Built
Listing Agency:
Livin Paradise Realty LLC
Listed By:
Ana DeAlmeida · License #3178637
(386) 585-0379
Source:
Evrealestate
Added: Jul 30
Changed: Nov 8
Last Checked: Nov 8 at 6:01AM
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 Livin Paradise Realty LLC
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Investment Insights
Based on property information with market context.
This duplex is a two-unit residential income property constructed in 2002. Interior features include central air and central heating, providing a defined mechanical setup for the building.
The property is located on India Palm Drive in Edgewater, Volusia County. Access directions include U.S. 95 south to Exit 244, followed by Edgewater-area roads to the site. The property carries zoning designation 07R4.
The property is located on India Palm Drive in Edgewater, Volusia County. Access directions include U.S. 95 south to Exit 244, followed by Edgewater-area roads to the site. The property carries zoning designation 07R4.
Key Highlights
- Duplex configured as a two‑unit residential income property
- Built in 2002
- Central air and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,299
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,980
$346.0K
Cap Rate 7%
$247,129
$247.1K
Cap Rate 9%
$192,211
$192.2K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$27.5K $13.92/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$24.7K $12.53/SF
− OpEx
−$7.4K −$3.76/SF
NOI
$17.3K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,980
Cap Rate 7%
$247,129
Cap Rate 9%
$192,211
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$214.7K
$187.8K – $250.5K
NOI $15,027 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 32141, FL
17,955
Population
9,400
Households
1.9
Avg Household Size
54
Median Age
23%
College-Educated
93%
High-School Grad
23.6 sq mi
ZIP Area
761
Density / Sq Mi
$61,110
Median Household Income
$37,874
Median Earnings
$1,481
Median Rent
$244,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Volusia County, FL
Properties on Market for Duplexes in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property built in 2002 with central air and central heating.
Where is this duplex located?
The property is located at 2225 INDIA PALM DRIVE Edgewater, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Duplex configured as a two‑unit residential income property; Built in 2002; Central air and central heating
