2308 Fern Palm Drive, Edgewater, FL 32141
MULTI_FAMILY - Edgewater, FL
- Added:
- Jun 25, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 26 at 9:06 am
Property Features for 2308 Fern Palm Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
- Parking features
- Driveway
- Appliances
- Washer, Refrigerator, Electric Water Heater, Electric Range, Dryer
- Standard status
- Active
- APN
- 8402-01-06-6060
- Size
- 2,040 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 6606 & 6607 INC EXC W 25 FT BLK 217 FLORIDA SHORES UNIT 7 MB 23 PGS 117-118 INC PER OR 4735 PG 0470 PER OR 6741 PG 2818 PER OR 8379 PG 0716 PER OR 8498 PG 3801 PER OR 8535 PG 0738
- Tax Annual Amount
- 4973
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Membrane
Listing agent Jennifer Napier (386) 689-3310
Listing office Local Living Realty Group 212 Palmetto St., New Smyrna Beach, FL (386) 314-5458
Listing date Jun 25, 2026
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Full 2‑unit duplex in Florida Shores built in 2002
- 2,040 total sqft with 2 bedrooms and 2 bathrooms across the units
- One unit is vacant; the other is leased through December 2026 for $900/month
- New roof installed in 2021
- Central heating and central air
- Public water and public sewer; electric water heater and electric range
Overview
The property is located at 2308 Fern Palm Drive in Edgewater, Florida, in Volusia County. The lot size is listed at 0.18 acres, and the listing notes that there is no HOA.
From an owner-operator or investor perspective, the configuration supports flexible use of the duplex. With one unit available for immediate occupancy and the other under lease through the end of 2026, buyers can align the vacant unit with their near-term plans while maintaining income from the leased unit per the stated lease timeline.
Local 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 | $28.4k | $13.92 |
| − Vacancy | −$2.8k | −$1.39 |
| EGI | $25.6k | $12.53 |
| − OpEx | −$7.7k | −$3.76 |
| NOI | $17.9k | $8.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.897283
- Latitude
- 28.960686
