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,… Read More 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. Read Less
Courtesy of INVESTOR'S REAL ESTATE LLC 407-688-4355
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,008
Lot Size
0.49 Acres
Year Built
1925
MLS Number
O6443821
Additional Details
Property Access
Road Surface: Paved
Building
Built in 1925, Living area: 1008, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Wood Siding
Cooling
Central Air
Foundation
Pillar/Post/Pier
Garage
2 spaces
Heating
Central
Lot
0.49 acres, Dimensions: 45x140
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 7010-19-00-0440, Public Survey Range: 30E, Public Survey Section: 10, Annual Amount: $3,217.32, Tax Block: 135, Tax Book Number: 2-191, Legal Description: LOTS 44 & 45 PHIPPENS SUB BLKS 135 & 136 DELAND PER OR 4541 PG 2019 PER OR 8499 PG 2953, Lot: 44, Year: 2025, Zoning: C-2A&H
Utilities
Public, Water Source: Public
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