1 Whee PLACE
About This Property
Discover an exceptional investment opportunity in the vibrant heart of Palm Coast with this spacious duplex zoned lot. Spanning a generous .34 acres, this oversized property offers ample space for construction and landscaping, ideal for those looking to build their dream home or capitalize on investment potential. Positioned in a highly sought-after area, residents will benefit from close proximity to top-notch schools, ensuring quality education for families, while also enjoying convenient access to essential amenities such as the new hospital, library, shopping centers, and entertainment venues. Centrally located, this property is just a short 6-mile drive from the pristine beaches of Palm Coast, making coastal living easily accessible. With its duplex zoning, this lot presents an outstanding opportunity for investors to generate rental income, accommodate multigenerational living, or capitalize on the demand for duplex properties in the flourishing Palm Coast real estate market. Don't miss out on the chance to secure this prime piece of real estate and turn your vision of coastal living into a reality. Total amount of prepaid impact fees: $2,016.00
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | In contract | - | |
| In contract | |||
| Mar 25, 2024 | Listed by FLORIDA BEACHES REAL ESTATE | $56,500 | |
| Listed by FLORIDA BEACHES REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017