191 LAKE MOLLY AVE, Deland, FL 32724 – MLS#O6146578

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COMANDIS Residential

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$ 499,500

Est. payment | -/mo

4,012 SqFt

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$ 499,500

Est. payment | -/mo

Save Virtual Tour

4,012 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,012 sqft

Price per Sqft $124

Subdivision Lake Molly Sub

MLS Listing ID O6146578

HOA Y/N No

Originating Board Stellar MLS

Year Built 1946

Annual Tax Amount $3,258

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions 81x163

Property Description

Under contract-accepting backup offers. MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.

Location

State FL

County Volusia

Community Lake Molly Sub

Zoning 01R3

Interior

Interior Features Other

Heating None

Cooling Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Other

Utilities Available Other

Waterfront true

Waterfront Description Pond

View Y/N Yes

Water Access Yes

Water Access Desc Pond

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Water Private, Well

Structure Type Block,Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by COUNTRYWIDE REALTY PARTNERS LLC

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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