SIEARN TAKEWhy we’re tracking it
The $465,000 two-unit offering has unit-level rent detail plus documented roof and HVAC work. Resolve the income discrepancy and obtain current expenses before treating it as a return.
LISTING AND PUBLIC-RECORD SUMMARYUnits A and B: each 3 bedrooms / 2 baths, 1,311 living SF and one garage; reported $1,685 monthly rent each. Current lease dates and collections are unverified.
Two reported rented 3-bedroom / 2-bath units, 1,311 living SF and one garage each. Unit rents are listed at $1,685/month each, but $40,440 annualized rent conflicts with reported $40,400 annual gross. Official 2025 tax is $6,507.74; dated reroof/HVAC records add evidence without verifying current condition.
The $40 annual gross-income discrepancy is unresolved; the $26,300 annual-net claim lacks an expense schedule and is not adopted as NOI. Official 2025 tax is $6,507.74, replacing the rounded $6,508 listing field. Buyer tax and insurance costs remain unknown. Original permit area differs from MLS area. Reroof and mechanical finals are dated records, not current inspections or confirmation both HVAC systems were replaced.
Listed by Clarion Group Inc · observed Oct 12, 2026View the sale listing at Compass ↗More property details
Listing claims and public records, with a source for each detail. These do not fill missing model inputs.
- Unit layout and building
- Two 3-bedroom / 2-bath units, each reported at 1,311 living SF; 6 bedrooms, 4 baths and 2,622 living SF total. A one-story block/stucco building on slab, with 3,276 total building SF and a 10,019-SF lot.Compass · MLS FC316165 · Oct 12, 2026 · Realtor.com · MLS FC316165 unit details · Oct 12, 2026
- Reported unit rents and occupancy
- $1,685 per unit per month; both sides are advertised rented. Combined $3,370/month annualizes to $40,440, but the same sale feed reports $40,400 annual gross. The $40 discrepancy remains unresolved, so no whole-property rent is adopted by the model.Realtor.com · MLS FC316165 unit details · Oct 12, 2026
- Historical lease evidence
- Unit A rental FC311261 reports leased September 18, 2025 at $1,685/month. This corroborates historical marketing, not current collections, lease expiry or renewal. Do not add the advertised resident-benefit fee to owner rent.eXp Realty · historical Unit A rental · Oct 12, 2026
- Interior and outdoor space
- Tile floors, vaulted ceilings, ceiling fans and walk-in closets; garage laundry, porches/patio and gutters. Electric water heater, dishwasher, disposal, range/hood and refrigerator are advertised. No pool or waterfront is reported.Compass · MLS FC316165 · Oct 12, 2026 · Realtor.com · MLS FC316165 unit details · Oct 12, 2026
- Utilities and owner costs
- Public water/sewer with two electric and two water meters. Listing fields assign electricity, water, sewer and trash to tenants. Historic Unit A marketing assigns grounds care to the owner; current whole-building costs and lease obligations remain unverified.Compass · MLS FC316165 · Oct 12, 2026 · London Foster · historical Unit A rental · Oct 12, 2026
- Official 2025 property tax
- $6,507.74 for parcel 07-11-31-7024-00530-0230, with $0 non-ad-valorem assessments; replaces the listing’s rounded $6,508. Buyer taxes can differ.Flagler Tax Collector · 2025 bill · Oct 12, 2026
- Association and CDD
- No association, HOA dues or CDD are reported by the sale listing. This does not remove insurance, maintenance or other owner costs.Compass · MLS FC316165 · Oct 12, 2026
- Reroof permit evidence
- Permit 2023090302 was issued September 8, 2023, status COED. Its roof-final row dated September 15, 2023 says FINAL APPROVED. Confirm scope, materials and warranty; the displayed date is the inspection request date.Palm Coast · reroof permit 2023090302 · Oct 12, 2026
- HVAC permit evidence
- Like-for-like mechanical permit 2021091100 was issued September 24, 2021, status FINAL, with FINAL APPROVED on the March 22, 2022 inspection row. The record does not identify how many systems or which side was replaced. The displayed row date is the inspection request date.Palm Coast · mechanical permit 2021091100 · Oct 12, 2026
- Net-income claim and remaining costs
- $26,300 annual net income is published without an expense schedule or period. It is not adopted as NOI. Insurance, maintenance, management, grounds care, vacancy and reserves still require documents.Compass · MLS FC316165 · Oct 12, 2026
- Flood and rental-use caution
- Listing flood zone X, panel 12035C0138E, and a No Minimum lease field are unverified marketing labels. They do not establish flood safety, insurance cost or short-term rental approval.Compass · MLS FC316165 · Oct 12, 2026