138 W Howry Avenue

DELAND, FL 32720

About this property

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.

Date Added
September 22, 2020
Listing Status
Pending
Days On Site
163
MLS#
V4915634

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
iqweb_
Sub-Type
Resale
Year
1941
Garage
0
Pool
No
Story(s)
Property View
No
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$489,000 Pending
3,875 SQFT

Presented By Coldwell Banker Coast Realty - Port Orange

Port Orange

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Get in touch today! Phone: (386) 275-1000
Brokerage
Port Orange
(386) 275-1000
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Area Information

32720 - Deland | Volusia County |

$ 489,000
This listing is play_arrow 110.8% higher than the average in the area
$ 231,945 in the area
3,875 SqFt
This listing is play_arrow 120.1% larger than the average in the area
1,761 SqFt in the area
$ 126 $/SqFt
This listing is play_arrow 7.7% less than the average in the area
$ 137 $/SqFt in the area
163 days on site
This listing is play_arrow 147.0% above the average in the area
66 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School

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Coldwell Banker Coast

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