Two-Unit Duplex
For Sale
$475,000
Ab-148 Secretary Trl, Palm Coast, FL 32164
Residential income property with separate living spaces and a layout suited to long-term rental use.
Property Size2,422 SF
Price / SF$196.12
Days on Market60
Property Features for Ab-148 Secretary Trl
General Information
Standard status
Active
Size
2,422 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,044
Listing Agency:
VIRTUAL HOMES REALTY
(386) 569-5383
Listed By:
Kseniya Edwards · License #3312959
(386) 237-7688
Source:
Exprealty
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 16 at 11:15AM
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 VIRTUAL HOMES REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 2,422-square-foot property, with each unit providing its own living space. The configuration supports separate occupancy and is suited to long-term residential rental use.
Located in Palm Coast, Florida, the property is near shopping, restaurants, schools, parks, golf courses, recreational amenities, medical facilities, major roadways, and Atlantic Coast beaches. The address is 148 Secretary Trail.
Located in Palm Coast, Florida, the property is near shopping, restaurants, schools, parks, golf courses, recreational amenities, medical facilities, major roadways, and Atlantic Coast beaches. The address is 148 Secretary Trail.
Key Highlights
- Two residential units in one duplex property
- 2,422 square feet of property size
- Each unit includes its own living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,966
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
$559.3K
Cap Rate 7%
$399,514
$399.5K
Cap Rate 9%
$310,733
$310.7K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$42.1K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$40.0K $16.50/SF
− OpEx
−$12.0K −$4.95/SF
NOI
$28.0K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
Cap Rate 7%
$399,514
Cap Rate 9%
$310,733
Alternative Uses
Best Use
Multifamily LT 5
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$354.9K
$310.6K – $414.1K
NOI $24,846 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$582.0K
$509.3K – $679.0K
NOI $40,742 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with separate living spaces and a layout suited to long-term rental use.
Where is this duplex located?
The property is located at Ab-148 Secretary Trl Palm Coast, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residential units in one duplex property; 2,422 square feet of property size; Each unit includes its own living space
