138 W Howry Ave., DeLand, FL 32720

5-plex multifamily property generating above average returns from day one! This property is located in an OPPORTUNITY ZONE, which allows for capital gains tax deferrals/elimination. All of the units are fully leased and are located in a highly desirable area of DeLand in close proximity to our award-winning downtown and Stetson University. All units stay consistently rented and have steady rent growth due to fantastic location. Units have all been updated as needed with three having had a full renovation in the last year. The property also has a community laundry room with coin operated washer and dryer. The current rent roll is $4,700.00 per month or $56,400.00 per year. The $650 unit is month-to-month and due for an increase to market rates.