191 Lake Molly Avenue

191 Lake Molly Avenue

DeLand, FL 32724

$499,000
Price
—
Beds
4,012 Sq. Ft.
$124 / Sq. Ft.
4,012
Sq. Ft.
$124
per Sq. Ft.
a house with trees in the background
a view of a house with a yard
an aerial view of a house
a view of swimming pool from a balcony
a view of a room with gym equipment
a view of an empty room with a window
an empty room with a window
an empty room with a window
a view of empty room with wooden floor and fan
an empty room with a wooden door
a view of a small space
a view of an empty room
a view of empty room with window

Description

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...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.
  1. Listed by Juan Vazquez • COUNTRYWIDE REALTY PARTNERS LLC

Property Details for 191 Lake Molly Avenue

Subdivision Name
LAKE MOLLY SUB
Township
16S
Waterfront
Yes
Water View
Pond

Location

Listing Courtesy of COUNTRYWIDE REALTY PARTNERS LLC, Juan Vazquez
Add your commute
LISTING UPDATED: 05/02/2024 11:07 AM

Property Details for 191 Lake Molly Avenue

StatusActive
MLS #O6146578
Days on Market213
Taxes$3,258 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1946
Lot Size0.94 AC / 40,754 SF
CountyVolusia County

Location

Listing Courtesy of COUNTRYWIDE REALTY PARTNERS LLC, Juan Vazquez
Add your commute

Building Information for 191 Lake Molly Avenue

Stories-Residences-Year Built1946Building Size-Lot Size0.94 AC / 40,754 SF

Payment Calculator

$2,995 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 191 Lake Molly Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Take I-4 E to FL-44 W/E New York Ave in Volusia County. Take the FL-44 W exit from I-4 E, Merge onto FL-44 W/E New York Ave, Turn right onto Blue Lake Ave, Turn right onto Jacobs Rd, Turn left onto E International Speedway Blvd, Turn right onto Hwy 17 N/N Woodland Blvd, Slight right onto SR 11, Turn right onto Lake Molly Ave, Property will be on your left
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 191
  • Street Name: LAKE MOLLY
  • Street Suffix: AVENUE
  • State: FL
  • City: DELAND
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 000340
  • Tax Book Number: 4009-3
  • Tax Legal Description: 33-16-30 THE E 14.98 FT OF LOT 6 & ALL OF LOT 7 & ALL OF THE NOT INCLUDED PARCEL & INC THE PORTION OF LOT 8 LYING EAST OF THE EAST LINE OF LOT 7 & E/L OF NOT INCLUDED PORTION & SOUTH OF THE E/LY PROJ OF LOT 8 LAKE MOLLY SUB MB 19 PG 11 & INC THE W 7.9 FT OF THE S 130 FT OF POND LOT & THE W 7.9 FT OF LOT 3 LAKE MOLLY ADDITION MB 19 PG 72 AKA PARCEL #2 DESCRIBED IN OR 8141 PG 2968 ALL EXC 100% SUBSURFACE RIGHTS TO PART PER OR 8032 PG 3069 PER OR 8215 PG 0045 PER OR 8225 PG 1131 PER OR 8252 PG 1497
  • Tax Lot: 6
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 81x163
  • Parcel Number: 60-33-00-00-0340
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 2
  • Water Access: Pond
  • Water Access: Yes
  • Water Extras: No
  • Zoning: 01R3
  • Living Area: 4012
  • Lot Dimensions: 81x163
Property and Assessments
  • Year Built Numeric: 1946
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 30E
  • Public Survey Section: 33
Utilities
  • Sewer: Septic Tank
  • Utilities: Other
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Other
  • Foundation Details: Block
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Features: Pond
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: None
  • Interior Features: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Net Income: $.00
  • Unit Count: 3
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 4
  • Unit Type Type 1: 4+ Bed/2+ Bath
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 4
  • Unit Type Type 2: 4+ Bed/2+ Bath
Unit 3
  • Unit Type Baths Total 3: 2
  • Unit Type Beds Total 3: 3
  • Unit Type Type 3: 3 Bed/2 Bath

Property History for 191 Lake Molly 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 191 Lake Molly Avenue

Taxable ValueLand$67,500Additions$183,925Total$251,425
Tax Record2023$4,610 ($384 / month)
Home Facts
Beds0Baths5Total Finished SqFt4,012 SqFtAbove Grade Finished SqFt4,012 SqFtStories1Lot Size13,203 SqFtStyleMiscellaneous ResidentialYear Built1946Year Renovated1990ZoningR3CountyVOLUSIAAPN6033-00-00-0340

Schools near 191 Lake Molly Avenue

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

Deland High School
PublicPK to 12

Deland 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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More information about 191 Lake Molly Avenue, DeLand, FL 32724

191 Lake Molly Avenue is a multi-family home for sale in DeLand, FL 32724. This property was listed for sale on October 2, 2023 by COUNTRYWIDE REALTY PARTNERS LLC, it's currently listed at $499,000. It has been on the market for a total of 213 days and was last sold on April 27, 2022. This listing's school district is Volusia. Nearby schools include George W. Marks Elementary School, Deland High School and Deland Middle School. 191 Lake Molly Avenue is a 0-bed, 0-bath, 4,012 sqft multi-family home built in 1946.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of COUNTRYWIDE REALTY PARTNERS LLC, Juan Vazquez

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: 05/02/2024 11:07 AM