Turn-Key Deal w/ Extra Lot near Stetson E Plymouth Ave. Deland, FL. 32724
This is a fully renovated 2,109 SQFT 5/2.5 house just 1 mile from Stetson University. The property has commercial & residential zoning and is the only home with dual zoning in that immediate area, making it a very desirable investment.
Stetson University, Daytona State College and Florida Technical College are all within a 10-minute commute. The main house was rented for $1,700 as a 4-bedroom. The 5th bedroom has a private entrance and can bring in an additional income between $350 – $450 a month, bringing the gross income to $2,050+.
This deal has solid built-in equity. Its a unique house which is hard to comp. After consulting with multiple local agents the number that came back was $260k. But with the covid-19 outbreak $230k is a safe estimate. The adjacent to lot is also being offered as part of this sale. It can add value by either building a multi-unit or commercial building.
This property is a perfect addition to your portfolio with no work needed.