15 Prospect LnPalm Coast, FL 32164

Property Details for 15 Prospect Ln

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Latitude

29.5261

Longitude

-81.2221

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