737 E INDIANA AVENUE DELAND FL 32724 | MLS #O6443821

INVESTOR DEAL THE OPPORTUNITY
Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation.
The property includes:
Main residence requiring completion
* Separate building with potential for 2 apartments
* Plans and permits already submitted/filed with the County
* Potential for multiple rental income streams
* Convenient location near Downtown DeLand, hospitals and universities
* Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress
figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses.
WHY THIS PROPERTY?
The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income.
The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification.
LOCATION
Convenient DeLand location near:• Downtown DeLand
• Hospitals
• Universities
• Shopping & restaurants
• Major transportation routes
IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals.
Serious investors — bring your contractor, review the numbers, and evaluate the opportunity.