Waterfront
Address
191 Lake Molly AVENUE, DELAND, FL
Price
$ 499,000
Property Attributes
- MLS#O6146578
- TypeIncome
- CountyVOLUSIA
- CityDELAND
- AreaDeland
- NeighborhoodLake Molly Sub
- Zip32724
- StyleMulti Family
- Year Built1946
- Taxes$ 3258
- Price$ 499,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4012
- Lot Size0.94 Acres
Data Source:
Stellar MLS
Property Description
MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.
| Price History | |
|---|---|
| 10/3/2023 | Listed $560,000 |
| 3/29/2024 | 11% - $499,000 |
General Features
| Interior Features | Other |
|---|---|
| Sewer | Septic Tank |
| Heating | None |
| Cooling | Wall/Window Unit(s) |
| Utilities | Other |
| Roof | Shingle |
| Exterior Features | Other |
| Zoning | 01R3 |
| Construction Materials | Block,Concrete |
| Year Built | 1946 |
| Property SubType | Multi Family |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Waterfront Features | Pond |
| County | Volusia |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | LAKE MOLLY SUB |
| Garage Y/N | No |
| Status | Active |
| Directions | Take I-4 E to FL-44 W/E New York Ave in Volusia County. Take the FL-44 W exit from I-4 E,Merge onto FL-44 W/E New York Ave,Turn right onto Blue Lake Ave,Turn right onto Jacobs Rd,Turn left onto E Int |
| City | DELAND |
| Buyer Agent Compensation | 2% |
| Senior Community Y/N | No |
| MLS Area | 32724 - Deland |
| Lot Size Square Feet | 40754 |
| Private Pool | No |
| Waterfront Y/N | Yes |
| Carport Y/N | No |
| Street Name | Lake Molly |
| Tax Annual Amount | 3258.06 |
| Public Remarks | MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre o |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6146578 |
| Days on Market | 211 |
| Standard Status | Active |
| Tax Lot | 6 |
| Legal Description | 33-16-30 THE E 14.98 FT OF LOT 6 & ALL OF LOT 7 & ALL OF THE NOT INCLUDED PARCEL & INC THE PORTION OF LOT 8 LYING EAST OF THE EAST LINE OF LOT 7 & E/L OF NOT INCLUDED PORTION & SOUTH OF THE E/LY PROJ |
| Water View | Pond |
| Water Access Type | Pond |
| Water Access Y/N | Yes |
| Water View Y/N | Yes |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Private,Well |
|---|---|
| Lot Size Area | 40754 |
| Foundation Details | Block |
| Number of Buildings | 2 |
| Lot Dimensions | 81 x 163 |
| Lot Size Acres | 0.94 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 32724
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 12, 2024 6:57 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
