220 N ADELLE AVENUE, DELAND, FL 32720
$329,500 · Active
MLS #O6434214
- Price
- $329,500
- Status
- Active
- Bedrooms
- 3
- Bathrooms
- 0
- Living area
- 1,776 sq ft
- Home type
- Triplex
- Year built
- 1947
- Lot size
- 0.25 acres
- Full bathrooms
- 0
- Half bathrooms
- 0
- Private pool
- No
- Waterfront
- No
- New construction
- No
- HOA
- No
- 55+ community
- No
- Levels
- One
- County
- Volusia
- Annual property taxes
- $5,247.94
- Subdivision
- RICHS ADD DELAND
- Appliances & Equipment
- Dryer · Refrigerator · Washer · Other equipment: Private Yard
- Bathrooms
- 3 total bathrooms
- Bedrooms
- 3 total bedrooms
- Building
- Built in 1947 · Living area: 1776 · Living area units: Square Feet · Levels: One · Construction Materials: Frame
- Cooling
- Wall/Window Unit(s)
- Exterior Features
- Patio/Porch Features: Covered, Front Porch, Porch, Screened · Outbuildings · Private Mailbox · Private Yard
- Floors
- Luxury Vinyl · Tile · Wood
- Foundation
- Crawlspace
- Heating
- Ductless
- Interior Features
- Ceiling Fans(s) · Eat-in Kitchen · Thermostat
- Laundry
- Common Area · Electric Dryer Hookup · Laundry Room · Washer Hookup
- Lot
- 0.25 acres · Dimensions: 35x145 · Paved
- Parking
- 2 carport spaces
- Roof
- Shingle
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Available · Electricity Connected · Water Source: Public · 3 separate electric meters
About this home
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.
Courtesy of ZEMBALA GROUP 407-234-9744
Schedule A Tour Have a question before touring?Contact LPT Realty at (877) 366-2213 to ask about this home.