Property Description
Stop settling for bank rates and start building equity! Located steps from Stetson University in the Downtown DeLand Historic District, this rare 3-unit gem sits on 2 lots with 3 tenants already in place-Prime Investment Opportunity: $465,000 with 9.35% ROI. Own a stabilized, income-producing asset in the heart of DeLand. This multi-unit property boasts an impeccable rental history. Situated on two parcels directly adjacent to Stetson University, the portfolio includes a charming 2/2 main house + two 1/1 apartments in the rear. Perfect rental history + unbeatable location = the ultimate addition to your portfolio. Sold 'as-is,' this is a rare chance to acquire a high-return property in a sought-after Historic District with built-in demand, or live in the home & have a built-in income stream. Do not disturb tenants; the agent/owner is the landlord. 24-hour notice to show.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central
Lot Size: 0.34 Acres
Roof Type: Metal, Shingle
Taxes: $4,604
Year Built: 1941
Square Feet: 2,221
Amenities
Attic Ventilator
High Ceilings
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Window Treatments
Private Yard
RV Hookup
Feature Descriptions
Annual Net Income: 43600.00
Community Features: Street Lights
Days on Site: 5
Directions: Going south on Woodland Blvd, turn left onto E Voorhis Ave, in 350 ft turn right onto S Clake St. (FYI- Most GPS wants to change Clake to Lake).
Energy Efficient: Appliances, Insulation, Lighting
Exterior: Block, Cedar, Frame
Fireplace: Decorative
Fireplace Y/N: Yes
Flood Zone Code: X
Foundation: Crawlspace, Pillar/Post/Pier, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.34
Other Equipment: Private Yard, RV Hookup
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Units: 3
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: 1210-MIXED
Local Schools
High School: Deland High
Middle School: Deland Middle
Elementary School: Blue Lake Elem
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 SUNDANCE REALTY
Agency Contact: 386-756-6800
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimate Your Payment
Estimated Payment
$ 2,870.58 per month $2,351.29 Principal & Interest $383.67 Property Tax $135.63 Homeowner's InsuranceChange Payment Information
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318 S Clake Street | MLS# V4947850
This multi-family property located at 318 S Clake Street , Deland, FL 32720 is currently listed for sale with an asking price of $465,000. Search Deland real estate on www.watsonrealtycorp.com today.