Sarasota's Premier Homes

220 N ADELLE AVENUE

DELAND, FL 32720

MLS#: O6434214

$369,900

Status: Active
Listing number: O6434214
Listing provided by: ZEMBALA GROUP
Listing agent phone: None
Last update: 2 days ago
On site: 6 days ago
Browse Properties
RICHS ADD DELAND - Residential Income

Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1947

Sq.Footage

1,776

Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2025, market rent ~$1,550), studio $725/mo, 1BR cottage $950/mo (market rent ~$1,118). Gross income $33,300/yr with upside at lease renewal. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new separate water services to each building (2015), Main house plumbing replaced with PVC/CPVC (2015), new water supply lines to cottage and studio (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated interior paint, tile floors, and new a/c (2024). Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.

Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Ductless

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Other Exterior Features

    Private Yard

  • Patio and Porch Features

    Covered, Front Porch, Porch, Screened

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.25

  • Lot Size(square feet)

    10,875

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $369,900

  • Tax Amount

    $5,247.94

  • Sq. Footage

    1,776

  • Price/SqFt

    $208

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    H

  • Water Source

    Public

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Location

County

Volusia

Elementary School

Middle School

High School

Listing Courtesy of Dave Zembala PA , ZEMBALA GROUP

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Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2025, market rent ~$1,550), studio $725/mo, 1BR cottage $950/mo (market rent ~$1,118). Gross income $33,300/yr with upside at lease renewal. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new separate water services to each building (2015), Main house plumbing replaced with PVC/CPVC (2015), new water supply lines to cottage and studio (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated interior paint, tile floors, and new a/c (2024). Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.

220 N ADELLE AVENUE

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