For Sale
$599,000

1 Wheel Pl Palm Coast, FL 32164

Luxury Duplex, High ROI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A duplex in Palm Coast, Florida presents a compelling investment opportunity. Boasting a total of 2,622 square feet on an expansive 14,258 square foot lot (.33 acres), this property offers significant potential. Built in 2023, the duplex features two identical units, each spanning 1,311 square feet, including a 499 square foot two-car garage and a 158 square foot covered lanai. Each unit boasts an open floor plan with cathedral ceilings, recessed lighting, eight-foot doors, and ten-foot ceilings. High-end finishes include quartz countertops, tile backsplashes, cultured marble vanities, and tiled showers/tubs. Samsung washer/dryers are conveniently located in the garages, which also feature epoxy-coated floors, electric door openers, and pull-down attic stairs. Currently tenant-occupied with 6-12 month leases, the property generates a strong NOI of $32,200, representing a 5.38% cap rate. The asking price is $599,000 ($299,500 per unit). The units are fully firewall separated, allowing for future division into separate deeded properties. Its prime location offers easy access to Palm Coast Parkway, US-1, Belle Terre Blvd, and I-95 (within five miles). This property is ideal for investors seeking strong returns and multigenerational living options. The APN is 07-11-31-7023-00520-0240. The address is 1 Wheel Pl, Palm Coast, FL 32164.

Highlights

  • $599,000 asking price for this Class A multifamily investment opportunity.
  • 2-unit duplex totaling 2,622 square feet on a 14,258 square foot lot in Palm Coast, Florida.
  • 5.38% cap rate with a $32,200 Net Operating Income (NOI).
  • $299,500 per unit price.
  • Built in 2023, this property features two 1,311 sq ft units, each with a 499 sq ft two-car garage and a 158 sq ft lanai.

Property Details for 1 Wheel Pl

Property type
Apartment buildings
Square Feet
2,622 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Units
2

Location Insight

City
Palm Coast
County
Flagler
State
Florida
Latitude
29.522333199619
Longitude
-81.247088774504

FAQs

What type of property is this?
Apartment building - Luxury Duplex, High ROI, Prime Location
Where is the apartment building located?
The property is located at 1 Wheel Pl Palm Coast, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for this Class A multifamily investment opportunity.; 2-unit duplex totaling 2,622 square feet on a 14,258 square foot lot in Palm Coast, Florida.; 5.38% cap rate with a $32,200 Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1 Wheel Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message