191 Lake Molly Avenue
DeLand, FL 32724
- – beds
- – baths
- 4,012 sqft
- ~1 acre lot
- $124 per sqft
- 1946 build
- – on site
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.
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Last updated May 2, 2024
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MLS# O6146578 —
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/2/24
May 2, 2024
|
Price Changed | STELLAR_MLS | $499,000 | -0.0% |
|
5/1/24
May 1, 2024
|
Price Changed | STELLAR_MLS | $499,100 | 0.0% |
|
4/22/24
Apr 22, 2024
|
Price Changed | STELLAR_MLS | $499,000 | -0.1% |