$439,000
Active · 1 days on market · MLS# MFRO6378620
| Bedrooms | 4 |
|---|---|
| Living area | 1,815 sq ft |
| Lot size | 0.67 acres |
| Year built | 1949 |
| Property type | Quadruplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $3,708 |
| County | Volusia |
Discover a fully income-producing mixed-use investment property in the growing corridor of De Leon Springs. This four-unit building generates $3,650 month in rental income ($43,800 annually) and delivers a strong 7.7% true CAP rate at the current asking price. Situated on a 0.67-acre corner lot with high-visibility frontage on US-17, the property offers exceptional exposure, easy access, and long-term upside. The building features 1,815 sq ft of rentable space across four residential units, with all units currently occupied. Flexible B-4/Mixed Commercial zoning allows for a broad range of uses including retail, office, residential, and mixed-use configurations, making this an attractive opportunity for investors or an owner-user seeking supplemental income. With a low building-to-land ratio and a large lot, the site also offers potential for expansion, reconfiguration, or future redevelopment (buyer to verify with county). Flood Zone X provides additional cost efficiency as no flood insurance is required. Located minutes from Downtown DeLand and surrounded by area growth, this stabilized asset provides immediate cash flow with strong long-term potential.
Listing courtesy of Nick Vaseloff, PRIMEFIT PROPERTIES LLC. Presented by MC Homes Realty Inc · 727432218.