New Listing - 09/30/2024
429 W Wisconsin AVENUE, Deland, FL, 32720
4 beds
1925
1,808 sqft
One or more photo(s) has been virtually staged. **Prime Investment Opportunity** at 429 W Wisconsin Ave, Deland, FL, 32720—this versatile property offers **two income-producing dwellings** on one lot, making it a standout asset for investors. With its prime location near Stetson University and Historic Downtown Deland, this property is ideal for **maximizing rental income** from both short- and long-term tenants. The **main house** features 3 bedrooms and 2 bathrooms, with 1,328 heated sq ft. Recent upgrades including fresh paint, luxury vinyl plank flooring, granite countertops, and new stainless steel appliances make it **move-in ready** for tenants. Essential updates like the 2012 roof, newer HVAC systems (2018-front, 2021-back), and new water heaters (2023-front, 2021-back) minimize maintenance costs and ensure long-term stability. The **detached 1 bed / 1 bath apartment** over the garage adds an additional 480 sq ft of rentable space, complete with its own washer and dryer, offering **extra income potential**. With **separate electricity meters** for each unit, the financial appeal is clear. Market rents are $2,000 for the 3/2 and $1,100 for the 1/1, providing a solid return on investment. The property also features a 480 sq ft garage/storage area, an active termite bond, and no carpeting for easier tenant turnover and maintenance. This property’s **location, low-maintenance design, and strong rental demand** make it a smart addition to any investor's portfolio. Don’t miss this chance to capitalize on a **highly desirable investment** in Deland.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Inside, Laundry Room
Units:
2
Subdivision:
OSTEENS BLK 120 S RR DELAND
Garage:
2-car
Heating:
Central, Electric
Cooling:
Central Air
Lot Size:
32 x 142
Acreage:
0.16
Est. Taxes:
$3,465
Construction
Wood Frame, Wood Siding
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
MLS #:
O6245331
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of PREMIER SOTHEBY'S INTL. REALTY Phone: 407-644-3295