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$559,000

Est. payment - /mo

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6 Beds

4 Baths

3,900 SqFt

New

2518 Fern Palm DR Edgewater, FL 32141

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $143

MLS Listing ID 1228946

Bedrooms 6

Full Baths 4

Year Built 2021

Annual Tax Amount $8,123

Acres 0.28

Lot Dimensions 120' x 100'

Property Sub-Type Duplex

Source Daytona Beach Area Association of REALTORS®

Property Description

Built in 2021, this fully occupied duplex presents an outstanding turnkey investment opportunity in the growing Edgewater market just minutes from New Smyrna Beach. Investors can enjoy the benefits of one of Central Florida's most desirable coastal markets while often acquiring property at a more attractive price point than comparable opportunities nearby. Cash flow starts on day one with this property generating $3,850 per month in gross rental income. This investment offers modern construction with thoughtfully designed floor plans that maximize both space and functionality. The property is occupied by two outstanding long term tenants who take pride in their homes and have expressed interest in extending their leases, creating an ideal turnkey investment opportunity.

Each unit features 3 bedrooms, 2 bathrooms, an oversized one car garage, soaring vaulted ceilings, luxury vinyl plank flooring throughout the main living areas, granite countertops, white shaker cabinetry, .. CON'T ... stainless steel appliances, spacious kitchen islands, interior laundry rooms, generous primary suites with dual vanities and walk in showers, covered rear lanais, central air conditioning systems, and private backyards overlooking a wooded setting.

Designed with investors in mind, each unit is separately metered for electric and water, with tenants paying all of their own utilities to help reduce owner expenses. The oversized lot provides additional green space that enhances the property's appeal for long term tenants. Situated on an oversized 120' x 100' lot, this property offers convenient access to shopping, dining, parks, the Indian River, public boat ramps, and the beaches of New Smyrna. Its central location also provides convenient access to Cape Canaveral, the Kennedy Space Center, Orlando, and Florida's renowned Space Coast. Whether you're looking to expand your portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss.

Location

State FL

County Volusia

Area 80 - Edgewater

Direction From I-95 take Exit 244 and Go East on on FL-442 E/Indian River Blvd.; Turn Right onto Guava Dr.; Turn Left onto 22nd St.; Turn right onto Fern Palm Dr.

Region Edgewater

City Region Edgewater

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Tile

Appliance Refrigerator, Electric Range, Dishwasher

Heat Source Central

Exterior

Exterior Feature Impact Windows

Parking Features Attached, Garage, RV Access/Parking

Garage Spaces 2.0

Utilities Available Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Connected

View Y/N No

Roof Type Shingle

Total Parking Spaces 2

Garage Yes

Building

Lot Description Cleared

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction No

Others

Tax ID 840201065680

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Special Listing Condition Standard

Listed by Mike Bretzel • Keller Williams Realty Florida Partners

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Tiffany L. Arthur

Agent | License ID: 3087333

+1(954) 993-5591