Price Reduced 10.89%
Price History
$560,000
10/3/2023
$499,000
3/29/2024
$499,500
4/9/2024
$499,600
4/18/2024
$499,000
4/22/2024
191 Lake Molly AVENUE, Deland, FL, 32724
0 beds
1946
4,012 sqft
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.
Status:
Active
Type:
Multi-family
Units:
0
Subdivision:
LAKE MOLLY SUB
Heating:
None
Cooling:
Wall/Window Unit(s)
Lot Size:
81 x 163
Acreage:
0.94
Est. Taxes:
$3,258
Construction
Block, Concrete
Utilities
Other
Days on Market:
201
MLS #:
O6146578
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of COUNTRYWIDE REALTY PARTNERS LLC Phone: 407-401-8790