$765,000
Pending · 7 days on market · MLS# MFRFC314081
| Bedrooms | 22 |
|---|---|
| Living area | 2,879 sq ft |
| Lot size | 0.52 acres |
| Year built | 1927 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $7,493 |
| County | Volusia |
Under contract-accepting backup offers. Outstanding income-producing multifamily property with short-term rental potential in the heart of DeLand! This fully leased 6-unit complex includes five 1-bedroom apartments and one 2-bedroom, 2-bathroom single-family home, generating a strong $7,940 per month ($95,280 annually) in rental income. The property has been extensively updated with a new roof (2023), new water lines (2023), and numerous interior improvements including updated plumbing, HVAC systems, flooring, and paint over the past two years. Situated on a large 22,462 sqft lot with 3,746 sqft of living area, the property is zoned for up to 10 units, offering space to add 4 additional units for increased income and long-term growth. Short-term rentals are permitted, providing flexible income strategies. Conveniently located near Downtown DeLand, Stetson University, shopping, dining, and major highways.
Listing courtesy of Rodolphe Brun, 3 DOT REALTY LLC. Presented by MC Homes Realty Inc · 727432218.