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Key Details
Sold Price $860,000
Property Type Multi-Family
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
Sold Date 04/30/24
Bedrooms 11
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1981
Annual Tax Amount $9,290
Lot Size 0.750 Acres
Acres 0.75
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
Interior Features Ceiling Fans(s), Split Bedroom, Thermostat
Heating Electric
Cooling Central Air
Fireplace true
Laundry Inside
Exterior
Exterior Feature Sliding Doors
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Kevin Tison
Broker Associate | License ID: BK626101
Broker Associate License ID: BK626101