647 S Woodland Blvd - Apartments FOR SALE


Deland, FL 32720- Outer Deland/Deltona
$2,700,000 USD
813-391-1545
647 S Woodland Blvd, Deland, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/12
null | 10% Cap Rate

647 S Woodland Blvd
Deland, FL 32720
Outer Deland/Deltona


HIGHLIGHTS

  • SELLER FINANCING OFFERED TO QUALIFIED PURCHASER
  • OPERATING INDEPENDENT LIVING
  • ROOF REPLACED 2022

OVERVIEW

Once operating as an 77-Bed Assisted Living Facility, this property currently operates as 37-Unit Independent Living Facility. The current owner purchased the facility in 2015 as an ALF up until 2018. Upon inspection, AHCA noticed some violations and removed the license. The owner states the ALF license can be reimplemented with the new owner, which will be found during due diligence. Note: Adjacent property (633-635 S Woodland Blvd) is also available for sale. Property includes .77-Acres, an operating restaurant and three retail buildings. Property includes: • 2.15-Acres • 37-Units/2-Buildings/1-Story/15,533 SF • Built: 1950 • Newer Roof (2022) • General Commercial (C-2) Current Financial Information: • Occupancy: 81% • Gross Revenue: $380,000 (Annualized Nov 2025-2026) • NOI: $270,000 (Annualized Nov 2025-2026) C-2 Zoning: permits a multitude of business operations to include: • Nursing Home/Assisted Living • Hospital/Medical/Pharmacy • Grocery • Maximum Height: 80 Feet • Density: 16 DU/Acre Seller Financing: Offered to Qualified Purchasers

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

36

PRICE/UNIT

$75,000

CAP RATE

10%

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

37-UNIT INDEPENDENT LIVING - SELLER FINANCING

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,805 SF

ZONING

C-2 Mixed Use

APN/PARCEL ID

16 17 30 45 33 0140

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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