$181,900

906 S Florida Avenue #a & B

DELAND FL, 32720

Description

PRICE DROPPED! Come check out this turn-key CASH COW! This sturdy, Block Duplex sits on a double lot that is zoned commercial/B-4, allowing this investment to have multiple strategies, with one being redeveloping, or building another structure on the other lot. It currently has 2 units with potential for a 3rd. The upstairs unit is a 3/1 and occupies the entire top floor, currently rented for $978/mo, rented until 2023 with a 3% increase negotiated on the lease ( $1003 starting Feb 1 2022). The second unit is a 2/1 apartment located in the walkout basement and is currently rented for $700/mo until 12/31/2021. There is a 3rd electric meter for a potential 3rd tenant/RV parking ($400-$500/mo.) that the future owner could add. VALUE ADD! Duplex also features a sturdy METAL ROOF! Property backs up to a retention pond, so you will never have any backyard neighbors. Located just a few miles south of Downtown Deland, close to the bus lines. It is a short walk to the brand new Walmart Neighborhood Market. Property sits on a double lot with a possibility to build an additional structure ( possibly a duplex or SFH ), so the upside on this one is there! Current tenants are happy and would like to stay. Set up an appointment now and take advantage of today's super low interest rates! PLEASE DO NOT DISTURB TENANTS!

Details

MLS#O5890665
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site141

Features

SQ Feet2,192
Units2
Golf CourseN

Market Activity 32720

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Area Information
StateFL
CountyVolusia
CityDELAND
Zip Code32720
Area32720 - Deland
Listing VS Median (in 32720)
Price:
$181,900
low | high
Med:
$225,000
26.305662451897% of Average
SqFt:
2,192
low | high
Med:
1,346
88.594890510949% of Average
$ / SqFt:
$83
low | high
Med:
$167
51.439812708352% of Average
On Site:
141
low | high
Med:
116
100% of Average
Listing Updated: January 11, 2021 3:06:11 AM PST
Andres Ospina Rivera LogoMLS Number: O5890665
Listing Provided By:
Andres Ospina Rivera  of  EXP REALTY LLC

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