1 Brittany Lane, Palm Coast, FL 32137

Elena Krafft

SL3628850

$850,000

71 days on market

Updated 4 days ago

1 Brittany Lane

Details

APN

07-11-31-7013-00150-0010

Property Type

Multifamily, Land

Sub Type

Apartment Building, Residential (+1)

Square Footage

3,968

Units

Cap Rate

8.47%

NOI

$72,000

Occupancy

75%

Price per SqFt

$214

Year Built

1984

Year Renovated

2023

Buildings

Stories

Acreage

0.520

Zoning

Residential

Parking Spaces

8 spaces

Parking Per SqFt

2.02

Sale Condition

For sale by owner

Multifamily | 4 Units | $212,500/unit

Marketing description

Rare opportunity to own a four-unit income-producing property in the heart of Palm Coast, ideally located directly across the street from the newly built AdventHealth hospital.This well-maintained fourplex offers strong investment potential with four separate units, making it ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income. Each unit provides comfortable, fully updated, living space with functional layouts, and the property benefits from consistent rental demand in a growing market. With limited fourplex inventory in the area, this property stands out as a unique opportunity to secure a multi-unit asset in a predominantly duplex-driven market. Whether you're looking to expand your portfolio or live in one unit while generating income from the others. Palm Coast continues to see steady growth, making this an attractive location for both tenants and investors alike. Conveniently located near shopping, dining, schools, and highway.

Investment highlights

Four-Unit Income Property – Rare quadplex opportunity in a market dominated by duplex inventory, offering stronger income potential and scalability.
Multiple Income Streams – Four separate units provide diversified rental income and reduced vacancy risk compared to single-unit investments.
Owner-Occupant Potential – Opportunity to occupy one unit while generating income from the remaining units, with eligibility for residential financing (up to 4 units).
Strong Rental Demand – Located in a growing Palm Coast market with consistent tenant demand driven by population growth and affordability relative to surrounding areas.
Limited 4-Unit Supply – Very few fourplex properties available or recently sold in the area, supporting long-term value and resale desirability.
Value-Add Opportunity – Potential to increase rents over time and improve returns through strategic management or light upgrades.
Favorable Price Per Unit – Positioned competitively relative to recent duplex and multifamily sales in the market.
Stable Asset Class – Small multifamily properties historically perform well across market cycles due to consistent housing demand.
Convenient Location – Close proximity to major roadways, shopping, dining, and essential services enhances tenant appeal and retention.
Immediate Cash Flow Potential – Existing rental income provides day-one revenue with upside through future rent optimization.