Stop settling for bank rates and start building equity! Located steps from Stetson University in the Downtown DeLand Historic District, this rare 3-unit gem sits on 2 lots with 3 tenants already in place—Prime Investment Opportunity: $465,000 with 9.35% ROI. Own a stabilized, income-producing asset in the heart of DeLand. This multi-unit property boasts an impeccable rental history. Situated on two parcels directly adjacent to Stetson University, the portfolio includes a charming 2/2 main house + two 1/1 apartments in the rear. Perfect rental history + unbeatable location = the ultimate addition to your portfolio. Sold 'as-is,' this is a rare chance to acquire a high-return property in a sought-after Historic District with built-in demand, or live in the home & have a built-in income stream. Do not disturb tenants; the agent/owner is the landlord. 24-hour notice to show.
Financial Considerations
Price:
$465,000
HOA Fee:
N/A
Tax Amount:
$4604
Price per SqFt:
$209.37
Tax Legal Description:
LOTS 7 & 8 CLAKES SUB BLK 14 HOWRYS ADD DELAND MB 5 PG 2 MB 15 PG 175 PER OR 4681 PG 0556 PER OR 5488 PG 1446 PER OR 5705 PG 0764 PER OR 6118 PGS 1684-1685 PER OR 7441 PGS 3487-3488 PER OR 7618 PGS 3912-3913 PER OR 8727 PG 0344 PER OR 8729 PG 4113