191 Lake Molly Avenue Deland, FL 32724
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.
- Property TypeMulti-Family
- NeighborhoodLake Molly Sub
- CountyVolusia
- Taxes$3,258
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusPending
- MLS ID NumberO6146578
- Home Size Source Public Records
- Year Built1946
- Lot Size0.94 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockConcrete
- Sewer Septic Tank
- Acreage 0.94
- Water PrivateWell
- Property Sub Type Multi Family
- Utilities Other
- Foundation Block
- Zoning 01R3
- Ownership Fee Simple
- Parcel Number 60-33-00-00-0340
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating None
- Interior Other
- Fireplace No
Exterior Features
- Roof Shingle
- Waterfront Property Yes
- Waterfront Features Pond
- Exterior Other
Community Features
- Township 16S
- Senior Community No
- MLS Area 32724 - Deland