$259,500
About this home
INVESTOR DEAL THE OPPORTUNITY Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation. The property includes: Main residence requiring completion * Separate building with potential for 2 apartments * Plans and permits already submitted/filed with the County * Potential for multiple rental income streams * Convenient location near Downtown DeLand, hospitals and universities * Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses. WHY THIS PROPERTY? The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income. The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification. LOCATION Convenient DeLand location near:• Downtown DeLand • Hospitals • Universities • Shopping & restaurants • Major transportation routes IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals. Serious investors, bring your contractor, review the numbers, and evaluate the opportunity.
Property details
- MLS #
- MFRO6443821
- Property type
- Single Family Residence
- Subdivision
- PHIPPENS BLKS 129-130 & 135-136 DELAND
- Status
- Active
- Days on market
- 1
- On market date
- September 22, 2026
- Stories
- N/A
- Total bathrooms
- 1
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.49 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 546
- Student:teacher ratio
- 13.7:1
- District
- VOLUSIA
- Enrollment
- 1,087
- Student:teacher ratio
- 18.4:1
- District
- VOLUSIA
- Enrollment
- 2,749
- Student:teacher ratio
- 21.0:1
- District
- VOLUSIA
Walkability
Blended score for DELAND's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in DELAND, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.