1340 NORTH WOODLAND, DELAND, FL 32720
COMMERCIAL
MULTI-UNIT MOTEL
12 Bedrooms / 14 Bathrooms
Sqft: 4,685 sqft
Year Built: 1954
Lot Size: .8196 sqft
Construction: Block
Parking: Paved parking lot
*Motel is in a high traffic commercial location
*Business was run for 20 years before the owners decided to retire, the motel is still in operation but only at half occupation being rented by the day/week/month
*12 rooms are split up into 6 singles and 6 doubles with one bathroom each, four individual buildings
*Motels’ visitors’ office include a receptionist entrance and owner’s quarters (2 beds, 2 baths, and a full kitchen)
*Irrigation system
*Sidewalks
*Public sewer available
Rehab:
*Requires a full rehab to bring it up to market standards
*Heavy ($56,000-$84,000)
ARV: $850,000
ROI: 6.83%
Equity: $32,853
Ppsqft: $118.44
Market Rent: $4,500/Month
COMPS:
302 W. New York Avenue, Deland, Fl 32720
Sqft: 3,638 sqft
List Price: $650,000
Status: Active
339 E. New York Avenue, Deland, Fl 32724
Sqft: 6,781 sqft
List Price: $695,000
Status: Active
1012 N. Woodland Boulevard, Deland, Fl 32720
Sqft: 4,949 sqft
List Price: $800,000
Status: Active
1779 N. Spring Garden Avenue, Deland, Fl 32720
Sqft: 24,000 sqft
List Price: $1,200,000
Status: Active
124 N. Woodland Boulevard, Deland, Fl 32720
Sqft: 8,386 sqft
Sold for $500,000 on 8/24/20
1802 N. Woodland Boulevard, Deland, Fl 32720
Sold for $507,500 on 5/15/20
1857 Patterson Avenue, Deland, Fl 32724
Sold for $1,150,000 on 10/01/20
Available on 10.14.2020
Don’t let this excellent opportunity pass you by! Get it yours now!
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The sale of these Properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement