Outstanding income-producing multifamily property with short-term rental potential in the heart of DeLand! This fully leased 6-unit complex includes five 1-bedroom apartments and one 2-bedroom, 2-bathroom single-family home, generating a strong $7,940 per month ($95,280 annually) in rental income. The property has been extensively updated with a new roof (2023), new water lines (2023), and numerous interior improvements including updated plumbing, HVAC systems, flooring, and paint over the past two years. Situated on a large 22,462 sqft lot with 3,746 sqft of living area, the property is zoned for up to 10 units, offering space to add 4 additional units for increased income and long-term growth. Short-term rentals are permitted, providing flexible income strategies. Conveniently located near Downtown DeLand, Stetson University, shopping, dining, and major highways.
Listing courtesy of 3 DOT REALTY LLC. 386-235-0670
Selling Office: 3 DOT REALTY LLC.Your home's value depends on more than an automated estimate. Recent sales, current competition, property condition, location, neighborhood activity and competing new construction can all influence what buyers may be willing to pay.
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Serving homeowners throughout Clermont, Minneola, Groveland, Winter Garden, Mascotte and surrounding Central Florida communities.
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