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Deland,FL 32724
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,876 sqft
Price per Sqft $170
MLS Listing ID V4932753
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1936
Annual Tax Amount $5,096
Lot Size 2.110 Acres
Acres 2.11
Property Description
Under contract-accepting backup offers. 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
State FL
County Volusia
Zoning 01R7
Interior
Interior Features Other,Window Treatments
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected,Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Pillar/Post/Pier
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None