1 SMITH STREET CT, DELAND, FL, 32724
$545,000
Residential Income
Living Area
2,876 Sqft
Lot Size
91,912 Sqft
**Back on market due to buyers financing falling through** Welcome to one of the most unique investment opportunities in DeLand! Nestled close to town, schools and shopping is an over 2-acre parcel that offers privacy and seclusion more akin to what you would find in a more rural area. On this lovely parcel there are 5 residential structures with a total of 6 residential units, all of which are currently rented as income properties. These units, which were built between 1936 and 1960 according to the public records, are frame structures of the Florida vernacular style. The units include three single families with 1 bedroom / 1 bath, one single family with 2 bedrooms /1 bath, and one duplex with 1 bedroom / 1 bath on each side. All units are connected to public water and the water supply system from street to all units was replaced in 2021. The units share a common septic system and drain field which was replaced in 2017, with a new septic pump in 2020. One unit received a new roof in 2022. The possibilities of this property are endless. The next owner could continue to operate as a cash-flow investment, possibly even contemplating adding additional units. Or a group of friends could consider purchasing as a one-of-a-kind shared living community/farm. The only limit is one's imagination! 3 recent re-roofs and electrical update. *All info to be verified by buyer*
Property Details
Property Features Property Features
MLS ID: MFRV4932753 Year Built: 1936
Construction Materials: Wood Frame Cooling: Wall/Window Unit(s)
Country: US Disclosures: None
Exterior Features: Lighting Financial Data Source: Owner
Foundation Details: Pillar/Post/Pier Heating: Wall Units / Window Unit
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Other
Property Sub Type: Multi-Family Property Type: Residential Income
Road Surface Type: Dirt, Gravel Roof: Shingle
Sewer: Septic Tank Showing Requirements: Appointment Only, Call Listing Agent, Listing Agent Must Accompany, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity
Utilities: Electricity Connected, Public Water Source: Public
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