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Under contract-accepting backup offers. MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.
| DAYS ON MARKET | 419 | LAST UPDATED | 6/28/2024 |
|---|---|---|---|
| TRACT | LAKE MOLLY SUB | YEAR BUILT | 1946 |
| COMMUNITY | 32724 - Deland | COUNTY | Volusia |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Mar 29, '24 | $560,000 |
|---|---|
| Mar 29, '24 - Apr 9, '24 | $499,000 |
| Apr 9, '24 - Apr 18, '24 | $499,500 |
| Apr 18, '24 - Apr 22, '24 | $499,600 |
| Apr 22, '24 - May 1, '24 | $499,000 |
| May 1, '24 - May 2, '24 | $499,100 |
| May 2, '24 - May 13, '24 | $499,000 |
| May 13, '24 - Today | $499,500 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32724 - Deland |
| CONSTRUCTION | Block, Concrete |
| EXTERIOR | Other |
| HEAT | None |
| INTERIOR | Other |
| LOT | 0.94 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 81x163 |
| SEWER | Septic Tank |
| SUBDIVISION | LAKE MOLLY SUB |
| TAXES | 3258.06 |
| UTILITIES | Other |
| VIEW | Yes |
| VIEW DESCRIPTION | Pond, Water |
| WATER | Private, Well |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Pond |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Juan Vazquez, COUNTRYWIDE REALTY PARTNERS LLC, 407-401-8790
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/23/24 10:25 PM PST.
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