737 E INDIANA AVE, DELAND, FL, 32724
$259,500
Residential
Bedrooms
3
Bathrooms
1
Living Area
1,008 Sqft
Lot Size
21,344 Sqft
INVESTOR DEAL THE OPPORTUNITY Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation. The property includes: Main residence requiring completion * Separate building with potential for 2 apartments * Plans and permits already submitted/filed with the County * Potential for multiple rental income streams * Convenient location near Downtown DeLand, hospitals and universities * Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses. WHY THIS PROPERTY? The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income. The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification. LOCATION Convenient DeLand location near:• Downtown DeLand • Hospitals • Universities • Shopping & restaurants • Major transportation routes IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals. Serious investors — bring your contractor, review the numbers, and evaluate the opportunity.
Property Details
Property Features Property Features
MLS ID: MFRO6443821 Year Built: 1925
Appliances: Other Construction Materials: Wood Siding
Cooling: Central Air Country: US
County Or Parish: Volusia Direction Faces: West
Exterior Features: Other Flooring: Other
Foundation Details: Pillar/Post/Pier Furnished: Unfurnished
Heating: Central Laundry Features: Other
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash Occupant Type: Vacant
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Paved Roof: Shingle
Sewer: Public Sewer Showing Requirements: Call Before Showing
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Public
Water Source: Public
Rooms Rooms
Kitchen: 7x7 ft Primary Bedroom: 14x12 ft
Living Room: 13x13 ft
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