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.

191 Lake Molly Avenue is in DELAND, FL. This Residential Income property for sale is currently being offered at $499,000. Built in 1946 this 0 bedroom, 0.00 bathroom Volusia Residential Income property has been listed on RealtyInOrlando.com for 216 days. 191 Lake Molly Avenue is priced at $124.38 Per Square Foot, and is situated on 0.94 acres of land. Please contact your local Realtor® for more information on 191 Lake Molly Avenue, DELAND, FL 32724. Property Listing Reference: MLS number: O6146578.