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220 N Adelle Avenue, Deland

Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2026), studio $725/mo (lease ends April 2027), 1BR cottage $950/mo (lease ends December 2026). Gross income $33,300/yr. Estimated cap rate approximately 7.8% at list price. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new water supply lines to each building (2015), main house plumbing replaced with PVC/CPVC (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 with 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.

3 Beds ⋅ 3 Baths ⋅ O6434214 MLS

Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2026), studio $725/mo (lease ends April 2027), 1BR cottage $950/mo (lease ends December 2026). Gross income $33,300/yr. Estimated cap rate approximately 7.8% at list price. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new water supply lines to each building (2015), main house plumbing replaced with PVC/CPVC (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 with 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.

220 N Adelle Avenue, Deland

448 N Kansas Avenue, Deland

This DUPLEX is being offered mins from Historic Downtown Deland and all it has to give. the property currently has great tenants and is in a highly sought neighborhood out side of any HOA or COA. Seller maybe willing to carry some of the note with a large amount down, terms will depend of how much. or private money lender 2 year balloon depending on credit. recent improvement include but are not limited to; new flooring, new A/C units. newer roof, exterior painting, and new counter tops. this property is in good shape and will only increase in value over time. perfect property for someone to live in one side and rent the other to cover a large portion of their mortgage payment. call For more Details.

3 Beds ⋅ 2 Baths ⋅ R4910712 MLS

This DUPLEX is being offered mins from Historic Downtown Deland and all it has to give. the property currently has great tenants and is in a highly sought neighborhood out side of any HOA or COA. Seller maybe willing to carry some of the note with a large amount down, terms will depend of how much. or private money lender 2 year balloon depending on credit. recent improvement include but are not limited to; new flooring, new A/C units. newer roof, exterior painting, and new counter tops. this property is in good shape and will only increase in value over time. perfect property for someone to live in one side and rent the other to cover a large portion of their mortgage payment. call For more Details.

448 N Kansas Avenue, Deland

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