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Wade M. Berlin

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  4. 128 Rich Avenue, DELAND, FL 32724
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128 Rich Avenue
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PRICED AT ONLY: $1,300,000

Address: 128 Rich Avenue, DELAND, FL 32724

Description

Prime Downtown DeLand mixed use opportunity across two downtown parcels, 700901050023 & 700901050030, with strong in place income and serious upside. Centrally located in a high traffic, highly visible downtown corridor, this property features currently occupied residential rental units producing steady cash flow, along with income producing commercial spaces well suited for retail, office, studio, or service based users seeking walkability and exposure. Property is currently configured as 8 residential units and 2 commercial units, with 2 of the residential units vacant and needing renovations. Additional workshop and storage space provides flexible utility and potential for added revenue. On site parking area adds a major advantage for both residential tenants and commercial customers rare for downtown. Property offers clear value add potential for investors and business minded buyers willing to add some TLC to boost rents and maximize long term returns. Ideal for portfolio growth, owner user live/work vision, or repositioning play in one of DeLands most active and desirable areas. Don't miss the chance to make this rare opportunity yours! **All information provided by public records and/or seller and presumed correct, but to be verified by buyer during due diligence**

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More Like This
  • MLS#: V4946191 ( Commercial Sale )
  • Street Address: 128 Rich Avenue
  • Viewed: 6
  • Price: $1,300,000
  • Price sqft: $68
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 19012
  • Days On Market: 3
  • Additional Information
  • Geolocation: 29.0296 / -81.3021
  • County: VOLUSIA
  • City: DELAND
  • Zipcode: 32724
  • Subdivision: Rogers Deland
  • Provided by: GREENE REALTY OF FLORIDA LLC
  • Contact: Hailey Graham
  • 386-734-2200
  • mfrmls
  • DMCA Notice

Description

Prime Downtown DeLand mixed use opportunity across two downtown parcels, 700901050023 & 700901050030, with strong in place income and serious upside. Centrally located in a high traffic, highly visible downtown corridor, this property features currently occupied residential rental units producing steady cash flow, along with income producing commercial spaces well suited for retail, office, studio, or service based users seeking walkability and exposure. Property is currently configured as 8 residential units and 2 commercial units, with 2 of the residential units vacant and needing renovations. Additional workshop and storage space provides flexible utility and potential for added revenue. On site parking area adds a major advantage for both residential tenants and commercial customers rare for downtown. Property offers clear value add potential for investors and business minded buyers willing to add some TLC to boost rents and maximize long term returns. Ideal for portfolio growth, owner user live/work vision, or repositioning play in one of DeLands most active and desirable areas. Don't miss the chance to make this rare opportunity yours! **All information provided by public records and/or seller and presumed correct, but to be verified by buyer during due diligence**
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 10322.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, None, Wall/Window Unit(s)
  • Road Frontage Type: City Street
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: PARCEL #1: W 61 FT OF N 1/2 OF LOT 2 & E 3 FT OF N 60 FT OF LOT 3 BLK 5 DELAND PER OR 2750 PG 0713 PARCEL #2: E 83 FT OF N 1/2 OF LOT 3 EXC E 3 FT OF N 60 FT BLK 5 DELAND PER OR 4255 PG 3358
  • Area Major: 32724 - Deland
  • Parcel Number: 7009-01-05-0023
  • Zoning Code: 05C2
Nearby Subdivisions
Assessors Deland   Blue Lake Add Deland Lts 2760   Codringtons Blk 17 Deland   Rogers Deland   Victoria Park Village Center   Woodmont Heights  
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  1. Approx. 5848 sqft
  1. MLSID: V4944151
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Contact Info

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Wade M. Berlin

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