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127 W Palmetto Ave Deland, Florida 32720 MLS# MFRO6269152
This turn-key investment property offers two separate living quarters: a 3/1.5 and a 1/1. The main home offers three bedrooms and 1.5 baths, a new water heater in 2023, a newer roof in 2022, and an updated electrical panel plus a Large Bonus Room. Perfect for home office, playroom, etc... Tenants using for storage purposes. Hardwood floors throughout. Mother-in-law's house was renovated in 2021 and had a new electrical, plumbing, and water heater. just recently, in December 2024, it was updated with a brand-new shaker kitchen, all new stainless steel kitchen appliances, a new washer & dryer installed, fresh paint, and a new AC window unit—an excellent space for guests, rental income, or extended family. It is nestled on a Large lot with BOTH homes having a NEW metal roof in both units have their electric meters… It would also work great for a primary user to live in one of the units and rent out the other. 1/1 has a new lease starting Feb 15th, 2025 and 3/1.5 lease ends March 22nd 2025, tenants would love to renew. Between both leases income is $3,275 monthly Prime Location Nestled in the Hillcrest neighborhood, this home is just minutes from DeLand’s historic downtown, offering unique boutiques, charming cafés, and vibrant cultural events. It’s also only 1.6 miles from Stetson University, making it an ideal location With ample outdoor space, and a carport for convenient parking this home is a fantastic opportunity to own a piece of DeLand’s charm. Please do not disturb tenants
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