191 Lake Molly AvenueDeland, FL 32724MLS Number O6146578

  • Price: $499,500
  • Est. Mortgage of $/month
  • 235 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724191 Lake Molly Avenue Deland FL 32724
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  • 0.94Acreage
  • 1946Year Built
  • 4,012Square Feet
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.
Listing Courtesy of COUNTRYWIDE REALTY PARTNERS LLC

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Location Information

  • Road Frontage DescriptionPaved

Basic Information

  • Property SubTypeMulti-Family
  • Special Listing Conditions None
  • Virtual TourView Tour

Property

  • Zoning01R3

Utilities

  • Cooling Wall/Window Unit(s)
  • Sewer Septic Tank
  • Utilities Other
  • Water Source Private, Well

Water Body

  • MFR Water Access YN Yes
  • Water AccessPond
  • Water FeaturesPond
  • Water ViewYes
  • WaterfrontYes

Basic Information

  • List Price$499,500
  • MLS NumberO6146578
  • Mls Status Active
  • StatusACT

Building

  • Construction Materials Block, Concrete
  • Foundation Details Block
  • RoofShingle
  • Year Built1946

Property Information

  • Acreage0.94
  • Lot Size Dimensions 81x163
  • Lot Size Square Feet 40,754
  • MFR Living Area Meters 372
  • MFR Lot Size Square Meters 3,786
  • MFR Total Acreage 1/2 to less than 1
  • Square Feet4,012

Other

  • Date Listed10/03/2023
  • MFR Flood Zone Code X
  • View Count71

Tax Information

  • Tax Year 2022
  • Taxes$3,258

Location

  • Address191 Lake Molly Avenue
  • AreaDeland
  • CountyVolusia
  • Exterior Features Other
  • MFR Water View Pond
  • StateFL
  • SubdivisionLake Molly Sub
  • TownDeland
  • Township 16S
  • Zip32724

Amenities

  • Other AmenitiesWaterfront, Water View
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of May 24, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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