$401,019
$375,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
5 Baths
4,440 SqFt
SOLD DATE : 11/18/2024
Key Details
Sold Price $401,019
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,440 sqft
Price per Sqft $90
MLS Listing ID 1203903
Sold Date 11/18/24
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1978
Annual Tax Amount $5,020
Lot Size 0.431 Acres
Lot Dimensions 0.43
Property Description
Investment Opportunity: Fully Leased Five-Unit Apartment Building in Downtown Lake Helen, Florida awaiting the next investor. The complex boasts four 2-bedroom units and one single bedroom unit. All units with new windows and central HVAC units. Ample parking and located on a quite dead-end street across from the popular charter school and directly next to a daycare making it convenient for tenants with children. The property is within walking distance to stores and the city park and less than a block from the local police department. Lake Helen is a Family Friendly ''Gem of Florida'', Lake Helen is with its many parks and large lakes for fishing and boating, annual events and small-town atmosphere. Minutes from nearby vibrant downtown Deland with shopping, fine and casual dining and more. Five minutes from I-4 west to Disney World/Universal Studios or east to World Famous Daytona Beach. Each tenant responsible for their own electric via the 5 independent meters. There is one master water meter and water billed quarterly and very inexpensive as units are on septic system. It will need a new roof and all units are with salvinia electrical panel boxes. Seller has obtained quotes for replacement of both and can be provided upon request. Serious inquires only. Please rely on pictures for condition of interior apartments. In respect of tenants, interior inspections/showings may occur during due diligence/inspection period only. This property is being sold AS IS.
Location
State FL
County Volusia
Direction From I-4 Take Exit 116 turn towards Lake Helen on W. Main Street to Lakeview Dr. Turn right (south) 10 blocks to address.
Interior
Heating Central, Electric
Cooling Central Air, Electric, Separate Meters
Exterior
Parking Features Parking Lot
Utilities Available Cable Connected, Electricity Connected, Separate Electric Meters, Sewer Connected, Water Connected
Roof Type Shingle
Building
Lot Description Dead End Street
Water Public
Structure Type Block,Concrete
Others
Senior Community No
Tax ID 7130-02-53-0024
Acceptable Financing Cash
Listing Terms Cash
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