$489,000

138 W Howry Avenue

DELAND FL, 32720

Description

5-plex multifamily property generating above average returns from day one! This property is located in an OPPORTUNITY ZONE, which allows for capital gains tax deferrals/elimination. All of the units are fully leased and are located in a highly desirable area of DeLand in close proximity to our award-winning downtown and Stetson University. All units stay consistently rented and have steady rent growth due to fantastic location. Units have all been updated as needed with three having had a full renovation in the last year. The property also has a community laundry room with coin operated washer and dryer. The current rent roll is $4,700.00 per month or $56,400.00 per year. The $650 unit is month-to-month and due for an increase to market rates.

Details

MLS#V4915634
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1941
Days On Site162

Features

SQ Feet3,875
Units5
Golf CourseN

Market Activity 32720

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Area Information
StateFL
CountyVolusia
CityDELAND
Zip Code32720
Area32720 - Deland
Listing VS Median (in 32720)
Price:
$489,000
low | high
Med:
$231,945
100% of Average
SqFt:
3,875
low | high
Med:
1,761
100% of Average
$ / SqFt:
$126
low | high
Med:
$137
41.660971614657% of Average
On Site:
162
low | high
Med:
65
100% of Average
Sourced by Back At You
Listing Updated: March 1, 2021 7:49:39 AM PST
Christian Holzman LogoMLS Number: V4915634
Listing Provided By:
Christian Holzman  of  GREENE REALTY OF FLORIDA LLC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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