Duplex with Central
For Sale
$375,000
23 Regent Lane, Palm Coast, FL 32164
The property includes central air conditioning and electric cooking and water-heating equipment.
Property Size2,996 SF
Price / SF$144.90
Days on Market246
Property Features for 23 Regent Lane
General Information
Standard status
Active
Size
2,996 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,952
Amenities
Central Air
Central
Washer, Refrigerator, Electric Water Heater, Electric Oven, Dryer
Additional Parking
Building Details
Building Size
2,996 SF
Year Built
2004
Stories
2
Listed By:
Shon MacDughlas
(904) 347-6353
Source:
Evrealestate
Added: Feb 13
Changed: Oct 16
Last Checked: Oct 16 at 8:31AM
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 Shon MacDughlas
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Investment Insights
Based on property information with market context.
This duplex in Palm Coast was built in 2004 and has central air conditioning. Interior equipment includes a washer, dryer, refrigerator, electric oven, and electric water heater. Additional parking is available outside.
Key Highlights
- Built in 2004
- Central air conditioning
- Washer, dryer, refrigerator, electric oven, and electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,883
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,660
$597.7K
Cap Rate 7%
$426,900
$426.9K
Cap Rate 9%
$332,033
$332.0K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$45.0K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.7K $16.50/SF
− OpEx
−$12.8K −$4.95/SF
NOI
$29.9K $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%
$597,660
Cap Rate 7%
$426,900
Cap Rate 9%
$332,033
Alternative Uses
Best Use
Multifamily LT 5
$426.9K
$373.5K – $498.1K
NOI $29,883 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,549 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$621.9K
$544.2K – $725.6K
NOI $43,534 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
89
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes central air conditioning and electric cooking and water-heating equipment.
Where is this duplex located?
The property is located at 23 Regent Lane Palm Coast, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Built in 2004; Central air conditioning; Washer, dryer, refrigerator, electric oven, and electric water heater
