906 S Florida Avenue , A & B

Description

PRICE DROPPED! Come check out this turn-key CASH COW! This sturdy, Block Duplex sits on a double lot that is zoned commercial/B-4, allowing this investment to have multiple strategies, with one being redeveloping, or building another structure on the other lot. It currently has 2 units with potential for a 3rd. The upstairs unit is a 3/1 and occupies the entire top floor, currently rented for $978/mo, rented until 2023 with a 3% increase negotiated on the lease ( $1003 starting Feb 1 2022). The second unit is a 2/1 apartment located in the walkout basement and is currently rented for $700/mo until 12/31/2021. There is a 3rd electric meter for a potential 3rd tenant/RV parking ($400-$500/mo.) that the future owner could add. VALUE ADD! Duplex also features a sturdy METAL ROOF! Property backs up to a retention pond, so you will never have any "backyard neighbors. Located just a few miles south of Downtown Deland, close to the bus lines. It is a short walk to the brand new Walmart Neighborhood Market. Property sits on a double lot with a possibility to build an additional structure ( possibly a duplex or SFH ), so the upside on this one is there! Current tenants are happy and would like to stay. Set up an appointment now and take advantage of today's super low interest rates! PLEASE DO NOT DISTURB TENANTS!