Address: 4930 Us Highway 17, DE LEON SPRINGS, FL 32130
Description
Discover a fully income producing mixed use investment property in the growing corridor of De Leon Springs. This four unit building generates $3,500 month in rental income ($43,800 annually) and delivers a strong 7.56 true CAP rate at the current asking price. Situated on a 0.67 acre corner lot with high visibility frontage on US 17, the property offers exceptional exposure, easy access, and long term upside.
The building features 1,815 sq ft of rentable space across four residential units, with all units currently occupied. Flexible B 4/Mixed Commercial zoning allows for a broad range of uses including retail, office, residential, and mixed use configurations, making this an attractive opportunity for investors or an owner user seeking supplemental income.
With a low building to land ratio and a large lot, the site also offers potential for expansion, reconfiguration, or future redevelopment (buyer to verify with county). Flood Zone X provides additional cost efficiency as no flood insurance is required. Located minutes from Downtown DeLand and surrounded by area growth, this stabilized asset provides immediate cash flow with strong long term potential.
Discover a fully income producing mixed use investment property in the growing corridor of De Leon Springs. This four unit building generates $3,500 month in rental income ($43,800 annually) and delivers a strong 7.56 true CAP rate at the current asking price. Situated on a 0.67 acre corner lot with high visibility frontage on US 17, the property offers exceptional exposure, easy access, and long term upside.
The building features 1,815 sq ft of rentable space across four residential units, with all units currently occupied. Flexible B 4/Mixed Commercial zoning allows for a broad range of uses including retail, office, residential, and mixed use configurations, making this an attractive opportunity for investors or an owner user seeking supplemental income.
With a low building to land ratio and a large lot, the site also offers potential for expansion, reconfiguration, or future redevelopment (buyer to verify with county). Flood Zone X provides additional cost efficiency as no flood insurance is required. Located minutes from Downtown DeLand and surrounded by area growth, this stabilized asset provides immediate cash flow with strong long term potential.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 1815.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Central Air, Wall/Window Unit(s)
Road Frontage Type: Highway
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 21853.00
Other Expense: 0.00
Tax Year: 2023
Other Features
Country: US
Legal Description: LOTS 1 2 3 14 15 & 16 KIRCHOFF SUB MB 8 PG 106 PER OR 4363 PG 2701 PER UNREC DEED PER OR 5910 PG 1666 PER OR 5910 PG 1667 PER OR 5916 PG 2544 PER OR 5987 PG 1994 PER OR 6109 PG 0169 PER OR 6111 PG 3398 PER OR 6327 PG 1238 PER OR 6450 PG 4331 PER OR 6501 PG 0664 PER OR 7198 PG 2288 PER OR 7935 PG 4907
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