140 West Michigan Avenue

140 West Michigan Avenue

DeLand, FL 32720

$825,000
Price
—
Beds
4,217 Sq. Ft.
$196 / Sq. Ft.
4,217
Sq. Ft.
$196
per Sq. Ft.

Pending

Pending

a view of a building with a garden
a front view of a house with garden
a front view of a house with a yard and garage
a view of a house with a roof deck
a living room with furniture and a flat screen tv
a living room with furniture and a large window
a living room with fireplace furniture and a window
a living room with furniture fireplace and flat screen tv
a kitchen with a refrigerator and a stove top oven
a kitchen with granite countertop wooden cabinets and white appliances
a bed sitting in a bedroom next to a window
a bathroom with a toilet sink and mirror
a view of balcony with wooden floor and seating space
a living room with a couch
a kitchen with stainless steel appliances granite countertop a stove and a sink
a kitchen with granite countertop white cabinets and stainless steel appliances
a kitchen with stainless steel appliances granite countertop a refrigerator a stove and a wooden cabinets
a bathroom with a sink and a washing machine
a view of an empty room with a window
wooden floor in an empty room with a window
an empty room with wooden floor and windows with curtains
a bathroom with a sink and a mirror
a bathroom with a sink and a toilet
a bathroom with a sink and a mirror
a view of entryway
a view of a hallway with seating
a view of a kitchen with kitchen island a sink wooden floor and stainless steel appliances
a kitchen that has a cabinets and a stove in it
a kitchen with stainless steel appliances granite countertop a sink and cabinets
an empty room with wooden floor and windows
a bathroom with a sink and a toilet
a bathroom with a sink and a mirror
a living room with furniture a window and a flat screen tv
a view of a dining room with furniture and window
a view of a dining room with furniture and wooden floor
a en suite spacious bedroom with a bed and a chandelier
a bed sitting in a bedroom next to a lamp
a bathroom with a sink and a mirror
a store room with lots of fruit and vegetables
a view of a hallway with wooden floor and entryway
a bedroom with a bed a flat screen tv and a painting on the wall
a bedroom with a bed and a lamp
a bathroom with a sink toilet and shower
a front view of a house with garden
a view of balcony with furniture and umbrella
a room with furniture and a mirror
an aerial view of a house with swimming pool and large trees
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an aerial view of a house

Description

Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting...Under contract-accepting backup offers. Here is an exceptional investment opportunity that would be a remarkable addition to your investment portfolio. Situated in the highly sought-after locale of Deland, a mere stone's throw away from Stetson University and the award-winning Downtown Deland, this property stands as a prime investment in the flourishing rental market of Central Florida. This turnkey property is comprised of six units, with five units located within the main house, each benefiting from individual electrical meters, and an additional separate building to the rear. The anticipated current rental income is projected to exceed $81,000 annually, underlining the lucrative nature of this investment. Significant improvements have been made to enhance the property's value and appeal, including a comprehensive electrical overhaul completed within the past year and a roof replacement in 2017, among various other updates. Its enviable location in the vibrant Downtown area ensures that residents enjoy convenient access to a wide array of dining, shopping, and entertainment options, further enhancing its attractiveness to potential renters. This investment opportunity represents an excellent acquisition for those looking to diversify and strengthen their investment portfolio through the addition of a high-yield asset in a desirable and dynamic location.
  1. Listed by Nicola Hughes • HUGHES HOMES REALTY

Property Details for 140 West Michigan Avenue

Subdivision Name
ROGERS DELAND
Township
17S
Waterfront
No

Location

Listing Courtesy of HUGHES HOMES REALTY, Nicola Hughes
Add your commute
LISTING UPDATED: 04/27/2024 11:06 AM

Property Details for 140 West Michigan Avenue

StatusPending
MLS #O6194234
Days on Market16
Taxes$6,331 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1925
Lot Size0.40 AC / 17,250 SF
CountyVolusia County

Location

Listing Courtesy of HUGHES HOMES REALTY, Nicola Hughes
Add your commute

Building Information for 140 West Michigan Avenue

Stories-Residences6Year Built1925Building Size-Lot Size0.40 AC / 17,250 SF

Payment Calculator

$5,030 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$528

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 140 West Michigan Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: S. Woodland Blvd to Left on W. Michigan.
  • Mls Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 140
  • Street Direction Prefix: W
  • Street Name: MICHIGAN
  • Street Suffix: AVENUE
  • State: FL
  • City: DELAND
  • Between US 1 River YN: No
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
  • Parking Features: Common
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 10
  • Tax Book Number: MB14-15-17
  • Tax Legal Description: E 115 FT OF N1/2 OF LOT 9 BLK 10 DELAND PER OR 4001 PG 4899 PER OR 7399 PG 2221
  • Tax Lot: 9
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Historic District, In City Limits, Level/Flat, Near Public Transit, Oversized Lot, Street Paved
  • Lot Size Dimensions: 75x150
  • Parcel Number: 7009-01-10-0090
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: 05R3
  • Living Area: 4217
  • Lot Dimensions: 75x150
Property and Assessments
  • Year Built Numeric: 1925
  • Flood Zone Code: x
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 30E
  • Public Survey Section: 09
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Exterior Features: Other
  • Foundation Details: Crawlspace
  • Levels: Three Or More
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Microwave, Range, Range Hood, Refrigerator
  • Cooling: Wall/Window Unit(s)
  • Fireplace: Yes
  • Flooring: Carpet, Engineered Hardwood, Wood
  • Heating: Wall Units / Window Unit
  • Interior Features: Built in Features, Ceiling Fans(s)
  • Laundry Features: Laundry Room, Outside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $81,000.00
  • Unit Count: 6
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Heated Sq Ft 1: 1000
  • Unit Type Pro Forma 1: 1150
  • Unit Type Type 1: 1 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 1000
  • Unit Type Pro Forma 2: 1300
  • Unit Type Type 2: 2 Bed/2 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Heated Sq Ft 3: 1000
  • Unit Type Pro Forma 3: 1200
  • Unit Type Type 3: 2 Bed/1 Bath
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 2
  • Unit Type Heated Sq Ft 4: 1000
  • Unit Type Pro Forma 4: 1200
  • Unit Type Type 4: 2 Bed/1 Bath
Unit 5
  • Unit Type Baths Total 5: 1
  • Unit Type Beds Total 5: 0
  • Unit Type Heated Sq Ft 5: 550
  • Unit Type Pro Forma 5: 950
  • Unit Type Type 5: Studio
Unit 6
  • Unit Type Baths Total 6: 1
  • Unit Type Beds Total 6: 1
  • Unit Type Heated Sq Ft 6: 650
  • Unit Type Pro Forma 6: 1000
  • Unit Type Type 6: 1 Bed/1 Bath
Rental
Rental Information
  • Minimum Lease Period: 0

Property History for 140 West Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 West Michigan Avenue

Taxable ValueLand$66,125Additions$294,670Total$360,795
Tax Record2023$6,331 ($528 / month)
Home Facts
Baths6Total Finished SqFt1,758 SqFtAbove Grade Finished SqFt1,758 SqFtStories1Lot Size17,250 SqFtStyleMobile / Manufactured HomeYear Built1925Year Renovated1970ZoningR3CountyVOLUSIAAPN7009-01-10-0090Fireplace TypeHas Fireplace

Schools near 140 West Michigan Avenue

This home is within Volusia.
Rating
School
Type
Grades
Distance
Citrus Grove Elementary
Public - PK to 5
Deland High School
Public - PK to 12
Southwestern Middle School
Public - 6 to 8
Ivy Hawn Charter School Of The Arts
Charter - K to 8
Rating
School
Distance
Citrus Grove Elementary
PublicPK to 5

Deland High School
PublicPK to 12

Southwestern Middle School
Public6 to 8

Ivy Hawn Charter School Of The Arts
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HUGHES HOMES REALTY, Nicola Hughes

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/27/2024 11:06 AM