1340 NORTH WOODLAND, DELAND, FL 32720 Assigned

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

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*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!

DISCLAIMER: florida investor deals does not own these properties nor does florida investor deals hold itself out to represent the owners of these properties. These are not florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members.

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