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Listed price in listed location currency (USD).
$785,000
$825,000

000

MLS® O6194234

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4217 sqft
Garage No
Taxes $6,331
Lot Size 0.4 acres
Approx. Age 1925
Avg. Price Per Sqft $195
MLS® Number O6194234

Property Address: 140 W Michigan Ave, DELAND, FL, 32720-3456

Average square foot calculated using Size range provided by listing agent.

Description

Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81, 000 annually, underlining the lucrative nature of this investment. Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters. This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.
MLS® NumberO6194234
Laundry LevelLaundry Room, Outside
Central VacNo
FireplaceNo
Acreage0.4
Exterior
GarageNo
Approx. Age1925
Basement
DrivewayCommon
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Apr 26, 2024End Date
$785,000Sold Price

Sold

Apr 10, 2024List Date
$825,000List Price
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Starting Address
Destination Address
140 W Michigan Ave, DELAND, FL

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