1 Wheel Pl - Flagler County Duplex Investment Opportunity
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1 Wheel Pl - Flagler County Duplex Investment Opportunity
2,622 SF Speciality Building Offered at £469,197 at a 5.38% Net Initial Yield in Palm Coast, FL 32164
Executive Summary
We are pleased to present this investment opportunity in Flagler County. This duplex is 2,622 SF total and is located on an oversized 14,258 SF lot (.33 Acres). Currently tenant-occupied 6-12 month leases. You can rent out both units for the income or live on one side and rent the other. The duplex home also offers a unique opportunity for multigenerational living, perfect for accommodating extended family while maintaining privacy. The units are fully firewall separated to facilitate future splitting into separate deeded properties as desired.
Each of the two units has 1,311 SF of living space along with a 499 SF two-car garage and a 158 SF covered and tiled lanai with ceiling fan. The floor plan features an open living area with cathedral ceilings (10'-13'), recessed lighting and a large ceiling fan. The units have eight-foot doors and ten-foot ceilings throughout with a tray ceiling in the master bedroom. Each bedroom includes an installed ceiling fan. The master bath has a cultured marble vanity top and a tiled walk-in shower with a glass enclosure. The second bath has a cultured marble vanity top and a tiled tub/shower. The kitchen is finished with quartz countertops and a tile backsplash. Appliances include a Samsung washer and dryer installed in the two-car garage. The garage also features an electric door opener, pull-down attic stairs and an epoxy-coated floor. The property is centrally located in Palm Coast with convenient access to Palm Coast Parkway, US-1 and Belle Terre Blvd and is within five miles of I-95.
Each of the two units has 1,311 SF of living space along with a 499 SF two-car garage and a 158 SF covered and tiled lanai with ceiling fan. The floor plan features an open living area with cathedral ceilings (10'-13'), recessed lighting and a large ceiling fan. The units have eight-foot doors and ten-foot ceilings throughout with a tray ceiling in the master bedroom. Each bedroom includes an installed ceiling fan. The master bath has a cultured marble vanity top and a tiled walk-in shower with a glass enclosure. The second bath has a cultured marble vanity top and a tiled tub/shower. The kitchen is finished with quartz countertops and a tile backsplash. Appliances include a Samsung washer and dryer installed in the two-car garage. The garage also features an electric door opener, pull-down attic stairs and an epoxy-coated floor. The property is centrally located in Palm Coast with convenient access to Palm Coast Parkway, US-1 and Belle Terre Blvd and is within five miles of I-95.
Property Facts
| Price | £469,197 | Building Class | C |
| Price Per SF | £179 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 2,622 SF |
| Net Initial Yield | 5.38% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2023 |
| Property Subtype | Residential Income | Parking Ratio | 1.53/1,000 SF |
| Price | £469,197 |
| Price Per SF | £179 |
| Sale Type | Investment |
| Net Initial Yield | 5.38% |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 2,622 SF |
| Number of Floors | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.53/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 07-11-31-7023-00520-0240 | Improvements Assessment | £0 |
| Land Assessment | £35,640 | Total Assessment | £35,640 |
PROPERTY TAXES
Parcel Number
07-11-31-7023-00520-0240
Land Assessment
£35,640
Improvements Assessment
£0
Total Assessment
£35,640
zoning
| Zoning Code | DPX (City of Palm Coast Duplex Zoning) |
| DPX (City of Palm Coast Duplex Zoning) |
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1 Wheel Pl - Flagler County Duplex Investment Opportunity
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