1825 E New York Ave, DeLand, FL 32724 Available

  • $604,000‬
  • 2 beds
  • 1 baths

1825 E New York Ave, DeLand, FL 32724

6 units | Multifamily Property
Sale Price $604,000‬
Price / Unit $100,000
Price / SF $152.28
Number of Units 6
Cap Rate 9.2%
NOI $55,049
Year Built 1948
Lot Size 1.17 acres

THE OFFERING INVESTMENT HIGHLIGHTS

• Renovated units, new roof, & well-maintained exterior w/ over $100k in capex completed
• One bedroom one bathroom: 5 units (4 units @ 660 sqft, 1 unit @ 550 sqft)
• Two bedroom one bathroom: 1 unit (750 sqft)
• Large 74ft x 22ft storage barn
• Landlord pays water, garbage, and electric for units 1 and 2
• Tenants pay electric for units 3-6
• Tenants also pay ~$500/month toward utilities in addition to rent
• Units 2-6 all renovated with granite countertops and Luxury Vinyl Plank flooring
• Unit 1 currently under renovation but will be completed by April 17th, 2020
• Giant lot with room for development

Available on 06.16.2020

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Make An Offer On This Property

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Price:
$604,000‬
Address:
1825 E New York Ave,
DeLand, Florida 32724
Lot Size:
1.17 acres
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1948

Call (954) 280-5883 for more details

Property Location