737 E Indiana Avenue, Deland, FL 32724
- $259,500
- 3
- BD
- 1
- BA
- 1,008
- SqFt
- List Price
- $259,500
- Status
- Active
- Days on Market
- 0
- MLS#
- O6443821
- Property Style
- Single Family
- Year Built
- 1925
- Bedrooms
- 3
- Bathrooms
- 1
- Living Area
- 1,008
- Price per sq. ft.
- 257.44
- Lot Size
- 21,344
- Acres
- 0.49
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Phippens Blks 129-130 & 135-136 Deland
- MLS Area Major
- Deland
Property Description
INVESTOR DEAL THE OPPORTUNITY Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation. The property includes: Main residence requiring completion * Separate building with potential for 2 apartments * Plans and permits already submitted/filed with the County * Potential for multiple rental income streams * Convenient location near Downtown DeLand, hospitals and universities * Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses. WHY THIS PROPERTY? The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income. The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification. LOCATION Convenient DeLand location near:• Downtown DeLand • Hospitals • Universities • Shopping & restaurants • Major transportation routes IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals. Serious investors — bring your contractor, review the numbers, and evaluate the opportunity.
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Additional Information
- Taxes
- $3217
- Minimum Lease Period
- 8-12 Months
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- C-2A&H
- Interior Features
- Other
- Floor
- Other
- Appliances
- Other
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Wood Siding
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Pool
- No Pool
- Garage Carport
- 2 Car Garage
- Garage Spaces
- 2
- Flood Zone Code
- X
- Parcel ID
- 7010-19-00-0440
- Legal Description
- LOTS 44 & 45 PHIPPENS SUB BLKS 135 & 136 DELAND PER OR 4541 PG 2019 PER OR 8499 PG 2953
Listing courtesy of INVESTOR'S REAL ESTATE LLC. 407-688-4355
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