$825,000 $4,684 est/mo Sourced by Back At You

140 W Michigan Ave,DELAND, FL 32720

DELAND FL, 32720

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Description

Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81,000 annually, underlining the lucrative nature of this investment. Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters. This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.

Details

MLS#O6194234
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusPending
Year1925
Days On Site44
Listing Provided ByHUGHES HOMES REALTY | Nicola Hughes

Features

SQ Feet4,217
Units6
Zoning05R3
Acreage0.40

Market Activity 32720

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of May 23, 2024 at 8:08:52 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 6 hours ago
StateFL
CountyVolusia
CityDELAND
Zip Code32720
Area32720 Deland
Community NameROGERS DELAND
Listing VS Median (in ROGERS DELAND)
Price:
$825,000
low | high
Med:
$825,000
50% of Average
SqFt:
4,217
low | high
Med:
4,217
50% of Average
$ / SqFt:
$196
low | high
Med:
$196
50% of Average
On Site:
44
low | high
Med:
44.000000
100% of Average
Sourced by Back At You
Listing Updated: April 27, 2024 at 11:17:38 AM PDT