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+14079225936
Real Estate Company
220 N Adelle Avenue, Deland, FL 32720
- $329,500
- 3
- BD
- 3
- BA
- 1,776
- SqFt
- List Price
- $329,500
- Status
- Active
- Days on Market
- 56
- Price Change
- ▼ $15,400 1791508674
- MLS#
- O6434214
- Property Style
- Triplex
- Year Built
- 1947
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,776
- Lot Size
- 10,875
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Richs Add Deland
- MLS Area Major
- Deland
Property Description
Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2026), studio $725/mo (lease ends April 2027), 1BR cottage $950/mo (lease ends December 2026). Gross income $33,300/yr. Estimated cap rate approximately 7.8% at list price. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new water supply lines to each building (2015), main house plumbing replaced with PVC/CPVC (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated with interior paint, tile floors, and new A/C (2024). Zoned 05R-2 with three separate electric meters. Whether you’re expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.
Additional Information
- Taxes
- $5247
- Annual Gross Income
- 33000
- Location
- Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- 05R-2
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen, Thermostat
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Thermostat
- Floor
- Luxury Vinyl, Tile, Wood
- Appliances
- Dryer, Refrigerator, Washer
- Utilities
- BB/HS Internet Available, Electricity Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Outbuildings, Private Mailbox, Private Yard
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Carport
- 2 Car Carport
- Flood Zone Code
- X
- Parcel ID
- 7008-43-05-0113
- Legal Description
- N 75 FT OF LOT H BLK 5 RICHS ADD DELAND DB L PG 688 PER OR 4027 PG 0351 PER OR 7152 PG 2210 PER OR 8623 PG 1719
Listing courtesy of ZEMBALA GROUP. 407-234-9744
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