2 Houses on 1 Lot in Deland S Clara Ave. Deland, FL. 32720
Property Detail
Type
Multiple Property Deal, **SOLD**, Single Family Home Status
Flip, **SOLD** Location
Florida
Sub Location
Deland
Price
$129,900
Sq. Ft.2,179Bedrooms6Bathrooms2ARV$240k - $260kRent/mo$2,000+Rehab$60k - $70kGarageNonePoolNoneTaxes/yr$1,356.67Lot Size (Acres)0.32ConstructionFrameWaterfrontNoneYear1921SubdivisionBond Lumber CO Blk 15HOA Fees/mon/a
Property Description
Two houses for the price of one in downtown Deland! These two 3/1’s are one block from restaurants and only a short distance to Stetson University. Both houses have separate addresses but are currently on the same lot. The lots could be subdivided and used as 2 separate flips or cash-flows.
Clara #1 is 3 bed 1 bath 1,029 SQFT single family home which is currently rented for $975. The property is in good condition and will need standard rental updates when the tenant leaves.
Clara #2 is a 3 bed 1 bath 1,150 SQFT single family home which is currently vacant. This one is down to the studs inside and will require a full rehab.
The comps show that 3/1’s in this area range from $112-$121/SQFT. This puts the combined ARV of both properties between $240k – $260k. If used as rentals, these should easily rent for $1,000/month each.
