15 Prospect Ln Palm Coast, FL 32164
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 15 Prospect Ln
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Coast
- County
- Flagler
- State
- Florida
- Longitude
- -81.2221265
- Latitude
- 29.5260613
