1 Wheel PLACE, Palm Coast, FL, 32164 | $599,000

One or more photo(s) has been virtually staged. 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.

Features

  • Bedrooms: 6
  • Units: 2
  • Laundry: In Garage
  • Year Built: 2023
  • Garage: 2-car
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 2,622
  • Acreage: 0.33
  • Est. Taxes: $842
  • Lot Desc: Corner Lot
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • MLS#: FC299430
  • Days on Market: 14 days
  • Website: https://www.raveis.com
    /prop/FC299430/1wheelplace_palmcoast_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/20/2024 1:42:35 PM)
Listing courtesy of WATSON REALTY CORP (PC)   Phone: 386-246-9222

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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1 Wheel PLACE, Palm Coast, FL, 32164

$599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $479,200 $479,200 $479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.159% 6.286%
Monthly Tax Payment $70 $70 $70
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,269 $3,185 $4,044
Total Monthly Payment $3,431 $3,347 $4,206

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.