ScheelerDevis
BEDS3
BATHS
SQUARE FEET1,776
MLS#O6434214
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRICHS
Property Description
Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2026), studio $725/mo (lease ends April 2027), 1BR cottage $950/mo (lease ends December 2026). Gross income $33,300/yr. Estimated cap rate approximately 7.8% at list price. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new water supply lines to each building (2015), main house plumbing replaced with PVC/CPVC (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated with interior paint, tile floors, and new A/C (2024). Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.25 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,247
Year Built: 1947
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Thermostat
Outbuildings
Private Mailbox
Private Yard
Feature Descriptions
Annual Net Income: 29664.00
Appliances: Dryer, Refrigerator, Washer
Days on Site: 58
Directions: From Orlando, take i-4 East to exit 118-B, 2nd exit to new york ave, R on Adelle, home is on the left.
Exterior: Frame
Flood Zone Code: X
Flooring: Luxury Vinyl, Tile, Wood
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot: Paved
Lot Dimensions: 0.25
Other Equipment: Private Yard
Ownership: Fee Simple
Patio/Porch: Covered, Front Porch, Porch, Screened
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: 05R-2
Listed By / Shown By
Listed By
Agency Name: ZEMBALA GROUP
Agency Contact: 407-234-9744
Shown By
Agent Name: Scheeler Devis
Agent Phone: Cell: (516) 567-3111
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 1,266.68 per month $733.32 Principal & Interest $437.25 Property Tax $96.10 Homeowner's InsuranceChange Payment Information
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220 N Adelle Avenue | MLS# O6434214
This multi-family property located at 220 N Adelle Avenue, Deland, FL 32720 is currently listed for sale with an asking price of $329,500. Search Deland real estate on sdevis.realty100.com today.