140 West Michigan Avenue, DELAND

Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida.

This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81,000 annually, underlining the lucrative nature of this investment.

Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters.

This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.

140 West Michigan Avenue is in DELAND, FL. This Residential Income property for sale is currently being offered at $825,000. Built in 1925 this 0 bedroom, 0.00 bathroom Volusia Residential Income property has been listed on RealtyInOrlando.com for 23 days. 140 West Michigan Avenue is priced at $195.64 Per Square Foot, and is situated on 0.40 acres of land. Please contact your local Realtor® for more information on 140 West Michigan Avenue, DELAND, FL 32720. Property Listing Reference: MLS number: O6194234.