220 N Adelle Avenue, Deland, FL 32720
- $369,900
- 3
- BD
- 3
- BA
- 1,776
- SqFt
- List Price
- $369,900
- MLS#
- O6434214
- Type
- Multifamily
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,776
- Lot Size
- 10,875
- Subdivision
- Richs Add Deland
- Year Built
- 1947
Property Description
Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2025, market rent ~$1,550), studio $725/mo, 1BR cottage $950/mo (market rent ~$1,118). Gross income $33,300/yr with upside at lease renewal. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new separate water services to each building (2015), Main house plumbing replaced with PVC/CPVC (2015), new water supply lines to cottage and studio (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated interior paint, tile floors, and new a/c (2024). Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.
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Additional Information
- Community Features
- No Deed Restriction
- Style
- Triplex
- Interior
- Ceiling Fans(s), Eat-in Kitchen, Thermostat
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Thermostat
- Appliances
- Dryer, Refrigerator, Washer
- Exterior Construction
- Frame
- Exterior
- Outbuildings, Private Mailbox, Private Yard
- Roof
- Shingle
- Located Near
- Paved
- Utilities
- BB/HS Internet Available, Electricity Connected
- Floor
- Luxury Vinyl, Tile, Wood
- Heating
- Ductless
- Cooling
- Wall/Window Unit(s)
- Pool Type
- No Pool
Listing courtesy of ZEMBALA GROUP.
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