408 W Howry Ave - Apartments FOR SALE


Deland, FL 32720- Outer Deland/Deltona
$1,250,000 USD
866-468-6487
408 W Howry Ave, Deland, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

408 W Howry Ave
Deland, FL 32720
Outer Deland/Deltona


HIGHLIGHTS

  • Year 1 Scheduled Income $121,800
  • Recently Renovated Units
  • 1.5 Miles to Stetson University

OVERVIEW

100Units.com presents Stetson Apartments. The property consists of two 2-story buildings. The unit mix is two studios, four 1 bed 1 bath units, three 2 bed 1 bath unit, and one 2 bed 1.5 bath unit. The property has been recently renovated with new kitchens, including new cabinetry and counter tops as well as renovated bathrooms, and resurfaced hard wood flooring. The property also has beautiful new landscaping. The property's location benefits from proximity to major employers, including a newly developed Amazon distribution center just over eight miles away, supporting continued demand and rent growth. Stetson Apartments historically boasts high occupancy, making it an ideal choice for investors seeking stable cash flow with future upside through continued rent optimization.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

05R1A

APN/PARCEL ID

7017-10-07-0010

ASK ABOUT THIS PROPERTY

Joe LaFleur100Units.comMore Info
866-468-6487

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Joe LaFleur100Units.comMore Info
866-468-6487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.