450 S Hill Avenue, Deland, FL 32724
- $329,900
- 4
- BD
- 4
- BA
- 1,740
- SqFt
- List Price
- $329,900
- MLS#
- G5117012
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,740
- Lot Size
- 5,168
- Subdivision
- Smathers Blk 173 Deland
- Year Built
- 1988
Property Description
Income-Producing Deland Duplex Near Downtown Great investment opportunity in a desirable Deland location close to downtown! This duplex features **two spacious 2-bedroom, 2-bath units**, with each side offering approximately **870 square feet of living space** and its own **1-car detached garage**. One unit has already received some renovations, while the other offers an opportunity for the new owner to update and add value. The current owner has intentionally kept rents below market at just **$700 per month per side**, while similar units on the same street are reportedly renting for approximately **$1,500–$1,700 per month**. Current leases expire in **June 2027**, providing an excellent opportunity for a new owner to reposition the property and increase rental income. With a convenient location near downtown Deland, solid unit sizes, private garages, and significant rental upside, this property offers an attractive opportunity for investors looking for **long-term income potential and value-add upside**. Whether you choose to renovate and increase rents or hold as a long-term investment, this duplex is worth a look!
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Additional Information
- Community Features
- No Deed Restriction
- Annual Gross
- 16800
- Style
- Duplex
- Interior
- Eat-in Kitchen
- Interior Features
- Eat-in Kitchen
- Exterior Construction
- Block
- Exterior
- None
- Roof
- Shingle
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of WORTH CLARK REALTY.
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