COURT Lot 31 DELAND FL 32724 MLS #V4932753

COURT Lot 31
DELAND, FL, 32724
$490,000
Beds
0 Baths
2,876 SqFt
2.11 Acres
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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!

Property Details

Price:
$490,000
MLS #:
V4932753
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
City:
DELAND
Listed Date:
Oct 13, 2023
State:
FL
Finished Sq Ft:
2,876
ZIP:
32724
Lot Size:
91,912 sqft / 2.11 acres (approx)
Year Built:
1936
Units:
6
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Interior

Cooling
Wall/ Window Unit(s)
Heating
Wall Units / Window Unit

Exterior

Construction Materials
Wood Frame
Exterior Features
Lighting
Roof
Shingle

Financial

Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$5,097

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