8 unit Deland Multifamily next to Stetson University

Sale Property
Asking Price: 
$1200000
Property Type :: 
Multifamily
Location: 
830 N Clake St
Deland, FL 322724
United States
Property Documents
Property Description: 
Cash flowing 8 unit single level apartment building, gross rents $9000 a month. All units have newer HVAC units. Long term tenants with steady cash flow and rent increases. unit mix: 2 Studio units, 4 2 Bedroom 1 bath units, 2 2 Bedroom 2 bath units. Enough onsite parking.
Location Description: 
Deland is the home of Stetson University and County seat for Volusia county and FDOT.
Property Amenities
Number of floors: 
1
Total Building Size: 
6000Sq. Ft
Year Built: 
1978
Commission Split %: 
2
Cap Rate: 
8
Financial Year: 
2021
Gross Income $: 
9000
Net Operating Income $: 
85000
Income/Expense Info: 
Actual
No. of Units: 
8
Multifamily
Enabled

Property owner information

Viswanathan Subramanian

Contact Seller