Carol Kelly
140 W Michigan AVENUE, Deland, FL, 32720
0 beds
1925
4,217 sqft
Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81,000 annually, underlining the lucrative nature of this investment. Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters. This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Laundry Room, Outside
Units:
6
Subdivision:
ROGERS DELAND
Garage:
Common
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Lot Size:
75 x 150
Acreage:
0.4
Est. Taxes:
$6,331
Construction
Wood Frame
Utilities
Electricity Connected, Water Connected
Lot Description:
Historic District, City Lot, Level, Near Public Transit, Oversized Lot
Days on Market:
16
Appliances:
Microwave, Range, Range Hood, Refrigerator
Min Lease Term:
No Minimum
MLS #:
O6194234
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of HUGHES HOMES REALTY Phone: 407-557-8775