Upgraded Duplex with Two 2BR
2415 INDIA PALM DRIVE Edgewater, FL 32141
2415 INDIA PALM DRIVE, Edgewater, FL, 32141
$385,000
Pending
For Sale
$385,000
Pending
Upgraded duplex features two mirror-image units, each with 2 bedrooms and 1 bathroom, plus stainless appliance kitchens.
Property Size1,680 SF
Days on Market488
Property Features for 2415 INDIA PALM DRIVE
General Information
- Standard status
- Pending
- Size
- 1,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agency
RE/MAX SIGNATURE
(386) 316-0106
Listed by
Stephanie Cathey · License #3296697
(386) 316-0106
Source
Exitrealty
Added: Mar 21, 2025 Updated: Jul 20 at 6:05PM Checked: Jul 21 at 4:20AM
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 RE/MAX SIGNATURE
Investment Insights
Based on property information with market context.
This upgraded duplex offers two mirror-image residential units, with each unit providing 2 bedrooms and 1 bathroom. Interiors include updated flooring and large windows for natural light, along with modern kitchen and bathroom finishes. Bathrooms are equipped with shower/tub combinations and deep vanities. The kitchens feature stainless steel appliances and upgraded designs intended for everyday cooking and entertaining.
The property includes reported key updates such as newer appliances, a newer roof, and AC systems. Additional details on unit sizes and exact building layout are not provided in the available information.
Located in Edgewater, the duplex is described as convenient to major highways as well as parks, restaurants, and shopping, with the beach also noted as being minutes away.
The property includes reported key updates such as newer appliances, a newer roof, and AC systems. Additional details on unit sizes and exact building layout are not provided in the available information.
Located in Edgewater, the duplex is described as convenient to major highways as well as parks, restaurants, and shopping, with the beach also noted as being minutes away.
Key Highlights
- Upgraded duplex built in 1980 featuring two mirror‑image units
- Each unit offers 2 bedrooms and 1 bathroom
- Modernized kitchens with stainless steel appliances
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 | $23.4k | $13.92 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $21.1k | $12.53 |
| − OpEx | −$6.3k | −$3.76 |
| NOI | $14.7k | $8.77 |
1,680 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.5K
$184.2K – $245.6K
NOI $14,738 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.4K
NOI $12,802 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Upgraded duplex features two mirror-image units, each with 2 bedrooms and 1 bathroom, plus stainless appliance kitchens.
Where is this duplex located?
The property is located at 2415 INDIA PALM DRIVE Edgewater, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Upgraded duplex built in 1980 featuring two mirror‑image units; Each unit offers 2 bedrooms and 1 bathroom; Modernized kitchens with stainless steel appliances
