Outstanding income-producing multifamily property with short-term rental potential in the heart of DeLand! This fully leased 6-unit complex includes five 1-bedroom apartments and one 2-bedroom, 2-bathroom single-family home, generating a strong $7,940 per month ($95,280 annually) in rental income.
The property has been extensively updated with a new roof (2023), new water lines (2023), and numerous interior improvements including updated plumbing, HVAC systems, flooring, and paint over the past two years.
Situated on a large 22,462 sqft lot with 3,746 sqft of living area, the property is zoned for up to 10 units, offering space to add 4 additional units for increased income and long-term growth. Short-term rentals are permitted, providing flexible income strategies. Conveniently located near Downtown DeLand, Stetson University, shopping, dining, and major highways.