This 8-unit apartment complex offers strong rental potential just steps from Stetson University. The property consists of two concrete block buildings, each with four units. The mix includes: Two efficiency units with window A/C, Two spacious 2 bed / 2 bath units, Four 2 bed / 1 bath units. Recent upgrades include new roofs on both buildings. Utilities feature one shared water meter and separate electric meters for each unit. Whether you’re expanding your portfolio or seeking a steady income stream in a high-demand rental area, this property checks all the boxes. 10k month income.
Financial Considerations
Price:
$1,400,000
HOA Fee:
N/A
Tax Amount:
$7562.68
Price per SqFt:
$233.33
Tax Legal Description:
LOTS 2 & 7 & S 5 FT OF LOT 3 BLK C CODRINGTONS SUB BLK 17 DELAND MB 4 PG 31 PER OR 5081 PG 0029 PEROR 6965 PG 4849