102 Cascade Street, Deltona, FL 32725
- $860,000
- 11
- BD
- 8
- BA
- 8,147
- SqFt
- Sold Price
- $860,000
- List Price
- $900,000
- Status
- Sold
- Days on Market
- 3
- Closing Date
- Apr 30, 2024
- MLS#
- V4935558
- Property Style
- Quadruplex
- Year Built
- 1981
- Bedrooms
- 11
- Bathrooms
- 8
- Living Area
- 8,147
- Lot Size
- 32,855
- Acres
- 0.75
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Deltona Lakes Unit 29 & 37 Rep
- MLS Area Major
- Deltona / Enterprise
Property Description
Introducing a rare gem in the real estate market - a collection of four detached single-family residences on a 3/4-acre site, boasting frontage on three streets. With a total of approximately 8,147 square feet of living area, this property offers a unique blend of space, privacy, and convenience. The property features three, 3 bedroom, 2 bath and one, 2 bedroom, 2 bath homes. Each home has been updated featuring, newer kitchens, bathrooms, and floor coverings. Attention to detail is evident, with short-lived items promptly replaced and nominal deferred maintenance across all units. Currently, three of the residences are occupied, while one has been freshly renovated and is slated to be leased. With rents considered below market, there is opportunity to increase the rental income upon the respective lease expirations. Each of the homes have wooden decks that are undergoing renovation at the present time. Positioned at a price point that promises a high cap rate and a low gross rent multiplier compared to similar properties in the area, this offering presents an enticing opportunity for astute investors seeking a reliable income stream with significant potential for growth. Don't miss out on this exceptional investment opportunity with the promise of substantial returns. Each of the homes are separately metered for utilities.
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Additional Information
- Taxes
- $9290
- Annual Gross Income
- 87600
- Community Features
- No Deed Restriction
- Zoning
- PB
- Interior Layout
- Ceiling Fans(s), Split Bedroom, Thermostat
- Interior Features
- Ceiling Fans(s), Split Bedroom, Thermostat
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Fireplace
- Yes
- Exterior Construction
- Block
- Exterior Features
- Sliding Doors
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 803605060010
- Legal Description
- LOT 1 BLK 1010 DELTONA LAKES REPLAT OF UNITS 37 & 29 MB 27 PGS 181-183 INC PER OR 5303 PG 4961 PER OR 5806 PG 3764 PER OR 5806 PG 3766 PER OR 6426 PG 0302 PER OR 7295 PG 2386
Listing courtesy of DOYLE PROPERTIES INC. 386-738-0577
Selling Office: PREFERRED REAL ESTATE BROKERS.Mortgage Calculator
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