737eindianaavenuedelandfl32724
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3 Beds
1 Full bath
1,008SqFt
Active
INVESTOR DEAL THE OPPORTUNITY Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation. The property includes: Main residence requiring completion * Separate building with potential for 2 apartments * Plans and permits already submitted/filed with the County * Potential for multiple rental income streams * Convenient location near Downtown DeLand, hospitals and universities * Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses. WHY THIS PROPERTY? The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income. The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification. LOCATION Convenient DeLand location near:• Downtown DeLand • Hospitals • Universities • Shopping & restaurants • Major transportation routes IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals. Serious investors — bring your contractor, review the numbers, and evaluate the opportunity.
Property Details | ||
|---|---|---|
| Price | $259,500 | |
| Bedrooms | 3 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Lot Size | 45 x 140 | |
| Lot Size Area | 21344 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.49 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Features | Other | |
| Exterior Features | Other | |
| Year Built | 1925 | |
| Subdivision | PHIPPENS BLKS 129-130 & 135-136 DELAND | |
| Roof | Shingle | |
| Heating | Central | |
| Foundation | Pillar/Post/Pier | |
| Laundry Features | Other | |
| Garage spaces | 2 | |
Geographic Data | ||
| Directions | From I-4 East, Take exit 118A-B onto SR-44 W (E New York Ave). Go for 4.9 mi. Turn right onto N Adams Ave. Go for 472 ft. Home will be on your left | |
| County | Volusia | |
| Latitude | 29.029428 | |
| Longitude | -81.288713 | |
| Market Area | 32724 - Deland | |
Address Information | ||
| Address | 737 E INDIANA AVENUE, DELAND, FL 32724 | |
| Postal Code | 32724 | |
| City | DELAND | |
| State | FL | |
| Country | United States | |
Listing Information | ||
| Listing Office | INVESTOR'S REAL ESTATE LLC | |
| Listing Agent | Luz Heredia | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
| Terms | Cash | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Sep 22, 2026 | |
| Listing Last Modified | Sep 22, 2026 | |
| Tax ID | 701019000440 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 3217 | |
| MLS Area | 32724 - Deland | |
| MLS # | O6443821 | |
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This information is believed to be accurate, but without any warranty.
