Discover a fully income-producing mixed-use investment property in the growing corridor of De Leon Springs. This four-unit building generates $3,500 month in rental income ($43,800 annually) and delivers a strong 7.56 true CAP rate at the current asking price. Situated on a 0.67-acre corner lot with high-visibility frontage on US-17,… Read More 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. Read Less
Courtesy of PRIMEFIT PROPERTIES LLC 407-305-2284
Listing Snapshot
Days Online
0
Last Updated
Property Type
Mixed Use
Square Ft.
2,302
Lot Size
0.67 Acres
Year Built
1949
MLS Number
O6364906
Additional Details
Property Access
Frontage Type: Highway, Road Surface: Paved
Building
Built in 1949, Living area: 1815, Living area units: Square Feet, Construction Materials: Stucco, Vinyl Siding, Frame
Cooling
Central Air, Wall/Window Unit(s)
Foundation
Crawlspace, Slab
Income
Net Operating Income: $21,853
Lot
0.67 acres
Taxes
Additional parcels description:, Parcel Number: 43-16-29-03-00-0010, Public Survey Range: 29, Public Survey Section: 43, Annual Amount: $3,387, Tax Block: 00, Tax Book Number: MB8-106, Legal Description: LOTS 1 2 3 14 15 & 16 KIRCHOFF SUB MB 8 PG 106 PER OR 4363 PG 2701 PER UNREC DEED PER OR 5910 PG 1666 PER OR 5910 PG 1667 PER OR 5916 PG 2544 PER OR 5987 PG 1994 PER OR 6109 PG 0169 PER OR 6111 PG 3398 PER OR 6327 PG 1238 PER OR 6450 PG 4331 PER OR 6501 PG 0664 PER OR 7198 PG 2288 PER OR 7935 PG 4907, Lot: 1, Year: 2023, Zoning: 01B4
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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