Listed by Cardinal Row Real Estate
$1,400,000
Clake St Apts
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,000
Units 8
Occupancy 60%
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $113,000
Broker Co-Op No
Class B
Year Built 1980
Year Renovated 2023
Buildings 2
Stories 1
Acreage 0.540
Zoning MFR
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.67
Investment Type Stabilized
Ownership Fee Simple
8 UNIT MULTIFAMILY HISTORIC DELAND FL
Marketing description
Income producing opportunity in Deland Florida. Adjacent to Stetson University! This Block 8 Unit has new roofs on both buildings. Public Utilities! Most units have newer central AC units. Tenants have their own electric meter. 2 efficiencies, two 2 two bed 2 bath and four 2 bed 1 bath. Proforma income 11,000 month.
Investment highlights
Income producing opportunity in Deland Florida. Adjacent to Stetson University! This Block 8 Unit has new roofs on both buildings. Public Utilities! Most units have newer central AC units. Tenants have their own electric meter. 2 efficiencies, two 2 two bed 2 bath and four 2 bed 1 bath. Proforma income 11,000 month.
Listing Contacts
Listed by Cardinal Row Real Estate
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