227 W Wisconsin Ave Deland, Florida 32720
YEAR BUILD: 2000
Huge opportunity to grab this 2000 Built Triplex in Deland that is located in walking distance from downtown & Stetson University. The package consists of one 3/2 and two 3/1.5’s and an xtra vacant lot which could be developed but you have to change the zoning with the city which they already approved with property being so close to downtown. 1 unit is rented at $1150 monthly with the lease running until end of August 2020. The 3/2 is currently rented at $1350 with Section 8 tenant and the other 3/1.5 unit recently remodeled is now vacant ready for another $1350 section 8 tenant. You can contact Deland Housing Authority a verify they will pay $1300 if it does not include water and $1350 if it includes water. This is the way to go to maximize that cash flow!!! The other unit once the lease is up in August 2020, you can rent that unit for another $1350 which at that time all units will bring in $4050 monthly! ! Call me for more details or a showing.
PURCHASE PRICE: $379,000 + Closing Costs
Gross ROI: 12.64 %
Available on 08.05.2020
Don’t let this excellent opportunity pass you by! Get it yours now!