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Multifamily

1825 East New York Avenue

1825 E New York Ave, DeLand, FL 32724

Listing Price: $685,000

Cap Rate
5.55%
Number of Units
6
Price/Unit
$114,167
Price/Gross SF
$157.04
Gross SF
4,362

Investment Overview

100% occupied 6-unit multifamily community in DeLand, Florida (Greater Orlando Area)

Investment Highlights

  • Opportunity to increase rents up to $100 per unit with minimal capital infusion required
  • Units have been renovated with upgraded countertops, vinyl plank flooring and updated cabinetry
  • Exterior renovations include new roofs and new paint within the last two years
  • Potential to build additional units on the included extra parcel
  • Potential to convert basement space into a studio apartment, laundry room or paid storage
  • Frontage to Florida State Road 44 which sees an average of 16,700 vehicles per day
  • Less than ten minutes to downtown DeLand, Stetson University, Advent Health DeLand, West Volusia Regional Shopping Center and DeLand Municipal Airport
  • DeLand has grown 40% since 2010 and is currently the fastest growing city in Volusia County

Exclusively Listed By

Financing By

Multifamily

1825 East New York Avenue

Listing Price: $685,000

Cap Rate
5.55%
Number of Units
6
Price/Unit
$114,167
Price/Gross SF
$157.04
Gross SF
4,362

Investment Highlights

  • Opportunity to increase rents up to $100 per unit with minimal capital infusion required
  • Units have been renovated with upgraded countertops, vinyl plank flooring and updated cabinetry
  • Exterior renovations include new roofs and new paint within the last two years
  • Potential to build additional units on the included extra parcel
  • Potential to convert basement space into a studio apartment, laundry room or paid storage
  • Frontage to Florida State Road 44 which sees an average of 16,700 vehicles per day
  • Less than ten minutes to downtown DeLand, Stetson University, Advent Health DeLand, West Volusia Regional Shopping Center and DeLand Municipal Airport
  • DeLand has grown 40% since 2010 and is currently the fastest growing city in Volusia County

Investment Overview

100% occupied 6-unit multifamily community in DeLand, Florida (Greater Orlando Area)

Exclusively Listed By

Financing By

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