737 E INDIANA AVE Deland, FL 32724
3 Beds
1 Bath
1,008 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $257
Subdivision Phippens Blks 129-130 & 135-136 Deland
MLS Listing ID O6443821
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,217
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 45x140
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Volusia
Community Phippens Blks 129-130 & 135-136 Deland
Area 32724 - Deland
Zoning C-2A&H
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Other
Furnishings Unfurnished
Fireplace false
Appliance Other
Laundry Other
Exterior
Exterior Feature Other
Garage Spaces 2.0
Utilities Available Public
View Y/N No
Water Access No
Roof Type Shingle
Attached Garage false
Exposure West
Garage true
Private Pool No
Building
Story 1
Entry Level One
Foundation Pillar/Post/Pier
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
