Duplex with Two
40 PROSPERITY LANE A+B Palm Coast, FL 32164
For Sale
$339,000
Two 2-bedroom, 1.5-bath units with a one-car garage per side and in-unit washer/dryer included.
Property Size1,830 SF
Price / SF$185.25
Days on Market523
Property Features for 40 PROSPERITY LANE A+B
General Information
- Standard status
- Active
- Size
- 1,830 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1989
Listing Agency:
Gulf Gateway Realty, Inc.
(239) 246-8828
Listed By:
Brian Barnhart · License #258011575
(239) 246-8828
Source:
Exitrealty
Added: Feb 19, 2025
Changed: Jul 20
Last Checked: Jul 26 at 9:19AM
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 Gulf Gateway Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex offers two separate residences, each with 2 bedrooms and 1.5 bathrooms, along with a one-car garage per side. Appliances and washer/dryers are included, supporting straightforward move-in or tenant-ready operation.
Located in Palm Coast, the property is described as being a short drive to the beaches, schools, shopping, restaurants, and highways.
The remarks also indicate Flood Zone X status, and the seller is offering owner financing with 25% down, 7% interest, and a 5-year balloon.
Located in Palm Coast, the property is described as being a short drive to the beaches, schools, shopping, restaurants, and highways.
The remarks also indicate Flood Zone X status, and the seller is offering owner financing with 25% down, 7% interest, and a 5-year balloon.
Key Highlights
- Duplex built in 1989 offering two 2‑bedroom, 1.5‑bath units
- One‑car garage per side
- Washer/dryer included (in‑unit) with appliances included
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 | $31.8k | $17.40 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $30.2k | $16.50 |
| − OpEx | −$9.1k | −$4.95 |
| NOI | $21.1k | $11.55 |
1,830 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$439.8K
$384.8K – $513.1K
NOI $30,784 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1.5-bath units with a one-car garage per side and in-unit washer/dryer included.
Where is this duplex located?
The property is located at 40 PROSPERITY LANE A+B Palm Coast, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Duplex built in 1989 offering two 2‑bedroom, 1.5‑bath units; One‑car garage per side; Washer/dryer included (in‑unit) with appliances included
