Here’s your opportunity to acquire 2 houses in one lot in the vibrant city of Deland. Located just minutes to the historic downtown and the renown Stetson University. These two renovated units consist of the main house with three bedrooms and two bathrooms and a detached two-bedroom, one-bathroom guest house. New roofs were installed on both units in 2022. We expect the combined units to generate a total rental income of around $2,850 per month. The main house just got rented for $1,850/month on a 1-year lease, and the back house can be rented out for around $1,200/month.
The vacant unit would need a repair of the sub-flooring to make it rent-ready. A recent appraisal state that this property is worth $360,000 after repair on the second house is done. This is a truly unique opportunity and properties at this price point tend to move quickly, so call us today.