140 W Michigan Ave

DELAND, FL 32720

About this property

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.

Features and Additional Information

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$825,000 Pending
4,217 SQFT

Presented By Pink Door Management

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Brokerage
HUGHES HOMES REALTY
1-407-557-8775
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Area Information

32720 Deland | Volusia County | ROGERS DELAND

$ 825,000
This listing is play_arrow 0.0% lower than the average in the area
$ 825,000 in the area
4,217 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
4,217 SqFt in the area
$ 196 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 196 $/SqFt in the area
39 days on site
This listing is play_arrow 0.0% below the average in the area
39 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Nicola Hughes
Brokerage: HUGHES HOMES REALTY

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