191 LAKE MOLLY AVE Pending Save Request In-Person Tour Request Virtual Tour
Deland,FL 32724
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,012 sqft
Price per Sqft $124
Subdivision Lake Molly Sub
MLS Listing ID O6146578
HOA Y/N No
Originating Board Stellar MLS
Year Built 1946
Annual Tax Amount $3,258
Lot Size 0.940 Acres
Acres 0.94
Lot Dimensions 81x163
Property Description
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.
Location
State FL
County Volusia
Community Lake Molly Sub
Zoning 01R3
Interior
Interior Features Other
Heating None
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Other
Waterfront true
Waterfront Description Pond
View Y/N Yes
Water Access Yes
Water Access Desc Pond
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Private,Well
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None