MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.
Property Details
Price:
$499,500
MLS #:
O6146578
Status:
Active
Beds:
0
Baths:
0
Address:
191 LAKE MOLLY AVENUE
Type:
Multi Family
Subdivision:
LAKE MOLLY SUB
City:
DELAND
Listed Date:
Oct 3, 2023
State:
FL
Finished Sq Ft:
4,012
ZIP:
32724
Lot Size:
40,754 sqft / 0.94 acres (approx)
Year Built:
1946
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
None
Exterior
Construction Materials
Block, Concrete
Exterior Features
Other
Roof
Shingle
Financial
Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$3,258
Map
Community
- Address191 LAKE MOLLY AVENUE DELAND FL
- CityDELAND
- CountyVolusia
- Zip Code32724
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Courtesy of COUNTRYWIDE REALTY PARTNERS LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
191 LAKE MOLLY AVENUE
DELAND, FL
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