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One or more photo(s) has been virtually staged. **Prime Investment Opportunity** at 429 W Wisconsin Ave, Deland, FL, 32720"”this versatile property offers **two income-producing dwellings** on one lot, making it a standout asset for investors. With its prime location near Stetson University and Historic Downtown Deland, this property is ideal for **maximizing rental income** from both short- and long-term tenants. The **main house** features 3 bedrooms and 2 bathrooms, with 1,328 heated sq ft. Recent upgrades including fresh paint, luxury vinyl plank flooring, granite countertops, and new stainless steel appliances make it **move-in ready** for tenants. Essential updates like the 2012 roof, newer HVAC systems (2018-front, 2021-back), and new water heaters (2023-front, 2021-back) minimize maintenance costs and ensure long-term stability. The **detached 1 bed / 1 bath apartment** over the garage adds an additional 480 sq ft of rentable space, complete with its own washer and dryer, offering **extra income potential**. With **separate electricity meters** for each unit, the financial appeal is clear. Market rents are $2,000 for the 3/2 and $1,100 for the 1/1, providing a solid return on investment. The property also features a 480 sq ft garage/storage area, an active termite bond, and no carpeting for easier tenant turnover and maintenance. This property's **location, low-maintenance design, and strong rental demand** make it a smart addition to any investor's portfolio. Don't miss this chance to capitalize on a **highly desirable investment** in Deland.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/30/2024 |
|---|---|---|---|
| TRACT | OSTEENS BLK 120 S RR DELAND | YEAR BUILT | 1925 |
| COMMUNITY | 32720 - Deland | GARAGE SPACES | 2.0 |
| COUNTY | Volusia | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer |
| AREA | 32720 - Deland |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Lighting, Storage |
| GARAGE | Yes |
| HEAT | Central, Electric |
| INTERIOR | High Ceilings, Stone Counters, Walk-In Closet(s) |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 32x142 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | OSTEENS BLK 120 S RR DELAND |
| TAXES | 3464.94 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jonathan Ruiz, PREMIER SOTHEBY'S INTL. REALTY, 407-644-3295
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 9/30/24 3:13 PM PDT.
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