Price Reduced ListingFully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2025, market rent ~$1,550), studio $725/mo, 1BR cottage $950/mo (market rent ~$1,118). Gross income $33,300/yr with upside at lease renewal. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new separate water services to each building (2015), Main house plumbing replaced with PVC/CPVC (2015), new water supply lines to cottage and studio (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated interior paint, tile floors, and new a/c (2024). Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.
| MLS # | O6434214 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1947 |
| Days On Site | 42 |
| Listing Provided By | ZEMBALA GROUP | Dave Zembala PA |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,776 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | 05R-2 |
| Acreage | 0.25 |
| Property | 5247 |
|---|
| State | FL |
|---|---|
| County | Volusia |
| City | DELAND |
| Zip Code | 32720 |
| Area | 32720 Deland |
| Community Name | RICHS ADD DELAND |
| Listing VS Median (in RICHS ADD DELAND) | |
Price: $354,900 low | high Med: $357,400 sqft: 1,776 low | high Med: 1,523 $ / sqft: $200 low | high Med: $242 On site: 42 low | high Med: 75.5 | |
| State | FL |
|---|---|
| County | Volusia |
| City | DELAND |
| Zip Code | 32720 |
| Area | 32720 Deland |
| Community Name | RICHS ADD DELAND |
| Listing VS Median (in RICHS ADD DELAND) | |
Price: $354,900 low | high Med: $357,400 sqft: 1,776 low | high Med: 1,523 $ / sqft: $200 low | high Med: $242 On site: 42 low | high Med: 75.5 | |