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    15 Prospect Ln Palm Coast, FL 32164

    For Sale
    $520,000

    Airbnb-allowed duplex, 6.84% cap rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This meticulously maintained Class B duplex in Palm Coast, Florida, presents a compelling investment opportunity. Built in 2005, this property features two identical units, each offering three bedrooms, two full bathrooms, and a two-car garage. Both units boast a private fenced backyard and a lanai, enhancing their appeal to renters. The property benefits from a professional management company, ensuring smooth operations and tenant satisfaction. A pet-friendly policy further broadens the potential tenant pool. The duplex is conveniently located near shopping, schools, parks, and trails, with Flagler Beach a short 15-minute drive away. The asking price is $520,000, yielding a strong 6.84% cap rate, based on a Net Operating Income (NOI) of $35,585. The property includes a 5-year roof certification, minimizing future maintenance concerns. The durable masonry construction and centrally controlled HVAC system contribute to long-term value and efficiency. The interior has been freshly painted. This turnkey investment offers a value-add opportunity for future enhancements. A non-disclosure agreement (NDA) and proof of funds are required for viewing. This is an off-market opportunity.

    Property Features for 15 Prospect Ln

    General Information

    Property type
    Multifamily properties
    Class
    B

    HighLights

    • Class B duplex built in 2005, offering two identical 3/2 units with 2‑car garages each.
    • Each unit features a private fenced backyard and lanai.
    • Professionally managed with a pet‑friendly policy.
    • Excellent location near shopping, schools, parks, and trails; 15 minutes from Flagler Beach.
    • Strong investment opportunity with a $520,000 asking price and a 6.84% cap rate based on a $35,585 NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2221265
    Latitude
    29.5260613

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    FAQs

    What type of property is this?
    Multifamily property - Airbnb-allowed duplex, 6.84% cap rate
    Where is this multifamily property located?
    The property is located at 15 Prospect Ln Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: Class B duplex built in 2005, offering two identical 3/2 units with 2-car garages each.; Each unit features a private fenced backyard and lanai.; Professionally managed with a pet-friendly policy.
    Request Owner's contact information
    15 Prospect Ln Palm Coast, FL 32164
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    15 Prospect Ln
    Palm Coast, FL 32164
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Prospect Ln Palm Coast, FL 32164
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