4930 US HIGHWAY 17, DE LEON SPRINGS, FL, 32130
$439,000
Residential Income
Bedrooms
4
Bathrooms
4
Living Area
1,815 Sqft
Lot Size
29,350 Sqft
Discover a fully income-producing mixed-use investment property in the growing corridor of De Leon Springs. This four-unit building generates $3,650 month in rental income ($43,800 annually) and delivers a strong 7.7% true CAP rate at the current asking price. Situated on a 0.67-acre corner lot with high-visibility frontage on US-17, the property offers exceptional exposure, easy access, and long-term upside. The building features 1,815 sq ft of rentable space across four residential units, with all units currently occupied. Flexible B-4/Mixed Commercial zoning allows for a broad range of uses including retail, office, residential, and mixed-use configurations, making this an attractive opportunity for investors or an owner-user seeking supplemental income. With a low building-to-land ratio and a large lot, the site also offers potential for expansion, reconfiguration, or future redevelopment (buyer to verify with county). Flood Zone X provides additional cost efficiency as no flood insurance is required. Located minutes from Downtown DeLand and surrounded by area growth, this stabilized asset provides immediate cash flow with strong long-term potential.
Property Details
Property Features Property Features
MLS ID: MFRO6378620 Year Built: 1949
Construction Materials: Stucco, Vinyl Siding, Frame Cooling: Wall/Window Unit(s)
Country: US County Or Parish: Volusia
Exterior Features: Sidewalk Foundation Details: Crawlspace, Slab
Heating: Electric Laundry Features: Inside
Lease Term: Twelve Months Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Paved
Roof: Shingle Sewer: Septic Tank
Showing Requirements: Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Water Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Water Connected
Water Source: Public
We love to hear from you