For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $860,000
Property Type Residential Income
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,147 sqft
Price per Sqft $105
Subdivision Deltona Lakes Unit 29 & 37 Rep
MLS Listing ID V4935558
Bedrooms 11
Year Built 1981
Annual Tax Amount $9,290
Lot Size 0.750 Acres
Property Description
Introducing a rare gem in the real estate market - a collection of four detached single-family residences on a 3/4-acre site, boasting frontage on three streets. With a total of approximately 8,147 square feet of living area, this property offers a unique blend of space, privacy, and convenience. The property features three, 3 bedroom, 2 bath and one, 2 bedroom, 2 bath homes. Each home has been updated featuring, newer kitchens, bathrooms, and floor coverings. Attention to detail is evident, with short-lived items promptly replaced and nominal deferred maintenance across all units. Currently, three of the residences are occupied, while one has been freshly renovated and is slated to be leased. With rents considered below market, there is opportunity to increase the rental income upon the respective lease expirations. Each of the homes have wooden decks that are undergoing renovation at the present time. Positioned at a price point that promises a high cap rate and a low gross rent multiplier compared to similar properties in the area, this offering presents an enticing opportunity for astute investors seeking a reliable income stream with significant potential for growth. Don't miss out on this exceptional investment opportunity with the promise of substantial returns. Each of the homes are separately metered for utilities.
Location
State FL
County Volusia
Community Deltona Lakes Unit 29 & 37 Rep
Zoning PB
Rooms
Other Rooms Bonus Room
Interior
Heating Electric
Cooling Central Air
Laundry Inside
Exterior
Exterior Feature Sliding Doors
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with PREFERRED REAL ESTATE BROKERS