Pine Lakes Duplex with
47 WELLWOOD LANE, Palm Coast, FL 32164
Duplex in Pine Lakes with tenant and recent roof.
Type:Multi Family
Property size:
2,649 SFLot size:
0.23 AcresPrice / SF:
$162/SF- Added:
- Nov 11, 2024
- Days on Market:
- 568
- Last Refresh:
- May 19 at 9:27 pm
Property Features for 47 WELLWOOD LANE
General Information
- Standard status
- Active
- Size
- 2,649 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2004
Listing agent Kelly Cheek License #3505180 (904) 610-7907
Listing office CHARLES UMPENHOUR, INC. (904) 610-7907
Listing date Nov 11, 2024
Source Exitrealty
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 CHARLES UMPENHOUR, INC.
HighLights
- Income‑producing duplex with existing tenant (Side A) generating $1,600/month until 11/2025.
- Vacant unit (Side B) allows immediate occupancy or rental income potential.
- Relatively new roof (3 years old).
- Each unit features 3 bedrooms and 2 bathrooms.
- Each unit includes a 1‑car garage.
- Open floor plan with vaulted ceilings creates a spacious feel.
Overview
Located in the Pine Lakes Subdivision, this duplex features a relatively new roof, approximately three years old. Each side of the duplex includes three bedrooms, two bathrooms, and a one-car garage. The open kitchen design incorporates a countertop bar that connects to the living and dining areas. Vaulted ceilings and an open floor plan contribute to a spacious atmosphere. Residents can enjoy a screened lanai, suitable for relaxation. One side of the duplex is currently vacant, while the other side is occupied by a tenant with a lease extending until November 2025, generating a monthly income of $1,600. The property size is 2,649 square feet.
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 | $46.1k | $17.40 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $43.7k | $16.50 |
| − OpEx | −$13.1k | −$4.95 |
| NOI | $30.6k | $11.55 |
2,649 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$388.2K
$339.7K – $452.9K
NOI $27,174 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$636.6K
$557.0K – $742.7K
NOI $44,560 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Palm Coast
- County
- Flagler
- State
- Florida
- Longitude
- -81.2557543
- Latitude
- 29.5497108
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in Pine Lakes with tenant and recent roof.
Where is this duplex located?
The property is located at 47 WELLWOOD LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Income‑producing duplex with existing tenant (Side A) generating $1,600/month until 11/2025.; Vacant unit (Side B) allows immediate occupancy or rental income potential.; Relatively new roof (3 years old).
