Address
140 W Michigan AVENUE, DELAND, FL
Price
$ 825,000
Property Attributes
- MLS#O6194234
- TypePending
- CountyVOLUSIA
- CityDELAND
- AreaDeland
- NeighborhoodRogers Deland
- Zip32720
- StyleMulti Family
- Year Built1925
- Taxes$ 6330
- Price$ 825,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4217
- Lot Size0.4 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. 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.
| Price History | |
|---|---|
| 4/10/2024 | Listed $825,000 |
General Features
| Interior Features | Built-in Features,Ceiling Fan(s) |
|---|---|
| Sewer | Public Sewer |
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Utilities | Electricity Connected,Water Connected |
| Roof | Shingle |
| Appliances | Microwave,Range,Range Hood,Refrigerator |
| Exterior Features | Other |
| Zoning | 05R3 |
| Construction Materials | Wood Frame |
| Year Built | 1925 |
| Levels | Three Or More |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Volusia |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | ROGERS DELAND |
| Garage Y/N | No |
| Status | Pending |
| Directions | S. Woodland Blvd to Left on W. Michigan. |
| City | DELAND |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| Total Units | 6 |
| MLS Area | 32720 - Deland |
| Lot Size Square Feet | 17250 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Michigan |
| Listing Terms | Cash,Conventional,Other |
| Tax Annual Amount | 6330.86 |
| Property Condition | Completed |
| Public Remarks | Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of D |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6194234 |
| Days on Market | 16 |
| Standard Status | Pending |
| Tax Lot | 9 |
| Legal Description | E 115 FT OF N1/2 OF LOT 9 BLK 10 DELAND PER OR 4001 PG 4899 PER OR 7399 PG 2221 |
| Minimum Lease | No Minimum |
Interior Features
| Flooring | Carpet,Engineered Hardwood,Hardwood |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Street Suffix | AVENUE |
| Laundry Features | Laundry Room,Outside |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | Common |
|---|---|
| Lot Features | Historic District,City Lot,Level,Near Public Transit,Oversized Lot |
| Water Source | Public |
| Lot Size Area | 17250 |
| Foundation Details | Crawlspace |
| Number of Buildings | 2 |
| Lot Dimensions | 75 x 150 |
| Lot Size Acres | 0.4 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Road Frontage Type | Street Paved |
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 Pending Average in 32720
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 10, 2024 10:11 PM 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.
