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34593236
34593234

10 Pontiac Ln, Palm Coast, FL 32164 For Sale

KC
FL BK3030612
The Cavalieri Group Realty
Listed by The Cavalieri Group Realty
$559,900
1 day on market
Updated 1 day ago
Opportunity zone

10 Pontiac Lane Palm Coast

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,246
Units 2
Cap Rate 6.13%
NOI $34,308
Occupancy 50%
Tenancy Multi
Rent Bumps No
Price per SqFt $184
Class B
Year Built 2022
Buildings 1
Acreage 0.230
Zoning Duplex
Parking Spaces 2 per unit

About This Property for Sale

Marketing description

One or more photo(s) has been virtually staged. Seller willing to cooperate 1 point towards Buyers closing costs/buy down rate and Cross Country Mortgage-Jaime Aguayo (preferred lender) will cooperate with another 1 point. if Buyer decides to use financing. Large spacious duplex with long-term tenant – great location | No HOA. This generously sized duplex is located in a desirable Palm Coast location near schools, shopping, dining, major roadways, and just minutes from the beach. Each unit features 4 bedrooms, 2 bathrooms, a 2-car garage, and an inside laundry room. Spacious living rooms with soaring vaulted ceilings, creating an open and airy feel. The open-concept kitchen includes a large pantry, beautiful cabinetry, granite countertops, and overlooks the living area. BOTH units have stainless steel appliances including refrigerator, range, microwave, dishwasher, clothes washer, and dryer are all included. Vertical blinds are also included throughout the property. Fully tiled side A and B Duplex. Washer and dryers included in both units. Electric and water are separately metered, with utilities paid directly by tenants — helping keep owner expenses low. INCOME INFORMATION: Total Projected Gross Monthly Income: $3,770/month Projected Annual Gross Income: $45,240 Unit A: Currently leased at $1,885/month Lease expiration: August 31, 2026 Unit B: Recently vacated Projected rent: $1,885/month Approximate Annual Expenses: • Lawn Care: $1,200 • Property Taxes: Approximately $8,000 • Insurance: Approximately $1,800 Approximate Net Annual Income: $34,308 ***SPECIAL BUYER INCENTIVE: Professional Property Management INCLUDED for 1 full year through The Cavalieri Property Management. Schedule your private showing today.

Investment highlights


Listing Contacts

KC
FL BK3030612
The Cavalieri Group Realty
Listed by The Cavalieri Group Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$34,308.00
$2,859.00/mo

Valuation Metrics

0
DSCR
6.13%
Cap Rate
6.13%
ROI

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Additional Information

Name
Katty R Cavalieri
License
BK3030612
Brokerage
The Cavalieri Group Realty
Brokerage Phone
9542575973
Title
Broker/Owner
Brokerage Address
401 West Fairbanks Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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