$499,500 $2,836 est/mo Sourced by Back At You

191 Lake Molly Ave,DELAND, FL 32724

DELAND FL, 32724

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Description

MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.

Details

MLS#O6146578
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1946
Days On Site227
Listing Provided ByCOUNTRYWIDE REALTY PARTNERS LLC | Juan Vazquez

Features

SQ Feet4,012
Zoning01R3
Acreage0.94
Water FrontYes

Market Activity 32724

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of May 17, 2024 at 8:13:29 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: 7 minutes ago
StateFL
CountyVolusia
CityDELAND
Zip Code32724
Area32724 Deland
Community NameLAKE MOLLY SUB
Listing VS Median (in LAKE MOLLY SUB)
Price:
$499,500
low | high
Med:
$499,500
50% of Average
SqFt:
4,012
low | high
Med:
4,012
50% of Average
$ / SqFt:
$125
low | high
Med:
$125
50% of Average
On Site:
227
low | high
Med:
227.000000
100% of Average
Sourced by Back At You
Listing Updated: May 13, 2024 at 2:24:25 PM PDT