Fantastic Investment Opportunity in Sought-after Area Near Historic Downtown DeLand and Stetson University. This Duplex Features a Concrete Block Construction with a Pitched-Shingle Roof and Consists of One Two-Story Building Spanning Approximately 1,300 Square Feet on a 0.05-Acre Lot. The Property's Scheduled Income is $34,800 Includes Both Units, Each Offering Two Bedrooms and One Bathroom Units. One Unit has been Renovated. Separately Metered Utilities (Water & Electricity Paid by Tenants). Unit A: Rental Income ($1,554.00) Lease Expires 05/31/2025. Unit B: Rental Income ($1,450.00) Lease Expires 07/31/2025. With Walking Distance to Downtown DeLand and Minutes from Stetson University. Just Minutes Away from Daytona Beach International Airport and Daytona International Speedway.
Great Income Generator,Easy to manage,Great Location,Close to the college,5 of the 6 units have had the interiors updated,all units have separate electric meters. Great approx 7% cap rate Plus a few rentals are below market
LOCATION LOCATION LOCATION!! Investor Alert. Check out this beautifully maintained historic Triplex in the heart of Downtown Deland. This property consists of a two-story building with 2- 2 bedroom/1 bath units and a detached 1/1 cottage. All units are full of character and charm, and are walking distance to shopping, dining, and all downtown Deland has to offer. You are only 1 mile from Stetson University. Don't let this investment opportunity pass you by. Call today to set up your private showing. All information taken from the tax record, and while deemed reliable, cannot be guaranteed.
Investor Alert! Fully rented triplex centrally located in the heart of DeLand's Historic Garden District!. All tenants are on annual leases and pay their own electric and water. there are two units in the main house (2 bedroom/1bathroom and 1 bedroom/1 bathroom. The historical main house was renovated in 2003/2004 and had new roof installed in 2018. Lovely wood floors and decorative fireplace with large rooms and open kitchen. Washer/Dryer is situated in kitchen for easy access. The detached studio apartment was remodeled in 2017 and has a rustic charm with 14' ceilings, overhead loft area, large living area, and laundry room right off of bathroom. New mini-split AC and heater! There's even an extra storage area for the studio tenant's use and private courtyard. Each apartment has one
**Back on market due to buyers financing falling through** Welcome to one of the most unique investment opportunities in DeLand! Nestled close to town, schools and shopping is an over 2-acre parcel that offers privacy and seclusion more akin to what you would find in a more rural area. On this lovely parcel there are 5 residential structures with a total of 6 residential units, all of which are currently rented as income properties. These units, which were built between 1936 and 1960 according to the public records, are frame structures of the Florida vernacular style. The units include three single families with 1 bedroom / 1 bath, one single family with 2 bedrooms /1 bath, and one duplex with 1 bedroom / 1 bath on each side. All units are connected to public water and the water supply system from street to all units was replaced in 2021. The units share a common septic system and drain field which was replaced in 2017, with a new septic pump in 2020. One unit received a new roof in 2022. The possibilities of this property are endless. The next owner could continue to operate as a cash-flow investment, possibly even contemplating adding additional units. Or a group of friends could consider purchasing as a one-of-a-kind shared living community/farm. The only limit is one's imagination! 3 recent re-roofs and electrical update. *All info to be verified by buyer*
The median home value in Deland, FL is $360,000. This is higher than the county median home value of $333,000. The national median home value is $338,100. The average price of homes sold in Deland, FL is $360,000. Approximately 54.73% of Deland homes are owned, compared to 36.31% rented, while 8.97% are vacant. Deland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Deland real estate agent to arrange a tour today!
Deland, Florida 32724 has a population of 36,528. Deland 32724 is more family-centric than the surrounding county with 23.91% of the households containing married families with children. The county average for households married with children is 21.29%.
The median household income in Deland, Florida 32724 is $59,641. The median household income for the surrounding county is $56,786 compared to the national median of $69,021. The median age of people living in Deland 32724 is 40.2 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 46.9 degrees. The average rainfall is approximately 54.6 inches per year, with 0 inches of snow per year.