Lake Helen, FL 32744,550 Lakeview DR
Lake Helen, FL 32744,550 Lakeview DR
Lake Helen, FL 32744,550 Lakeview DR
Lake Helen, FL 32744,550 Lakeview DR
Lake Helen, FL 32744,550 Lakeview DR
Lake Helen, FL 32744,550 Lakeview DR
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$401,019

$375,000

6.9%
Est.Price: ?

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Est. payment /mo

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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Listed by The Barnett Group Inc.
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