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Marcus E Smith PA

marcus@marcusesmith.com +1(407) 323-7320

$ 490,000

Est. payment -/mo

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Pending

Address not disclosed Deland, FL 32724

2,876 SqFt

UPDATED:

11/09/2024 04:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,876 sqft

Price per Sqft $170

MLS Listing ID V4932753

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1936

Annual Tax Amount $5,096

Lot Size 2.110 Acres

Acres 2.11

Property Description

Under contract-accepting backup offers. 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! *All info to be verified by buyer*

Location

State FL

County Volusia

Zoning 01R7

Interior

Interior Features Other, Window Treatments

Heating Wall Units / Window Unit

Cooling Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Lighting

Utilities Available Electricity Connected, Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Pillar/Post/Pier

Lot Size Range 2 to less than 5

Sewer Septic Tank

Water Public

Structure Type Wood Frame

New Construction false

Construction Status Financing,Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Listed by GREENE REALTY OF FLORIDA LLC

Marcus E Smith PA

Broker Associate | License ID: 3187002

+1(407) 323-7320

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Marcus E Smith PA

Address not disclosed Deland, FL 32724

Key Details

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Exterior

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