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Multi-family For Sale
$490,000

BTC: 7.41300498

ETH: 157.67541390

-$55K (2024/02/01)
217 days
0 room(s)
2,876 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1936
Lot:
2.11 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$170
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Other

    • Window Treatments

  • Property

    • Exterior Features: Lighting

    Lot

    • Lot: 2.11 Acres

    Other Property Information

    • Parcel Number: 17300400000260

    • Zoning: 01R7

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Public

  • Other financial information

    • Annual tax amount: $5,097

  • Source details

    • MLS ID: V4932753

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Pillar/Post/Pier

    • Living Area: 2876

    • Water Source: Public

    • Subdivision Name: NONE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GREENE REALTY OF FLORIDA LLC