Price Reduced 10.09%
Price History
$545,000
10/13/2023
$499,000
12/13/2023
$490,000
2/1/2024
0 beds
1936
2,876 sqft
Welcome to one of the most unique investment opportunities in DeLand! Nestled close to town, schools and shopping is an over 2-acre parcel that offers privacy and seclusion more akin to what you would find in a more rural area. On this lovely parcel there are 5 residential structures with a total of 6 residential units, all of which are currently rented as income properties. These units, which were built between 1936 and 1960 according to the public records, are frame structures of the Florida vernacular style. The units include three single families with 1 bedroom / 1 bath, one single family with 2 bedrooms /1 bath, and one duplex with 1 bedroom / 1 bath on each side. All units are connected to public water and the water supply system from street to all units was replaced in 2021. The units share a common septic system and drain field which was replaced in 2017, with a new septic pump in 2020. One unit received a new roof in 2022. The possibilities of this property are endless. The next owner could continue to operate as a cash-flow investment, possibly even contemplating adding additional units. Or a group of friends could consider purchasing as a one-of-a-kind shared living community/farm. The only limit is one's imagination!
Status:
Active
Type:
Multi-family
Units:
6
Subdivision:
NONE
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Acreage:
2.11
Est. Taxes:
$5,097
Construction
Wood Frame
Utilities
Electricity Connected, Public
Days on Market:
159
MLS #:
V4932753
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of GREENE REALTY OF FLORIDA LLC Phone: 386-734-2200