Homes / DeLand / Richs Add Deland
220 N Adelle Avenue, DeLand, FL 32720
$329,500 Pending 3 bed, 3 bath, 1,776 sqft
About this home
Under contract-accepting backup offers. Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2026), studio $725/mo (lease ends April 2027), 1BR cottage $950/mo (month to month). Gross income $33,300/yr. Estimated cap rate approximately 7.8% at list price. Water is one meter, landlord paid. Notable improvements include: new sewer lines to all three units (2015), new water supply lines to each building (2015), main house plumbing replaced with PVC/CPVC (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 with 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.
Key facts
| Beds | 3 |
|---|---|
| Baths | 3 |
| Square feet | 1,776 |
| Lot | 0.25 acres |
| Year built | 1947 |
| Property type | Multi-Family |
| County | Volusia |
| Community | Richs Add Deland |
| MLS # | O6434214 |
Listing courtesy of ZEMBALA GROUP, Dave Zembala PA. Stellar MLS.
Other homes on N Adelle Avenue
- 235 N Adelle Avenue, DeLand, FL 32720Off market
- N Adelle Avenue, DeLand, FL 32720Off market
- 518 N Adelle Avenue, DeLand, FL 32720Off market
- 528 N Adelle Avenue, DeLand, FL 32720Pending
- 601 N Adelle Avenue, DeLand, FL 32720Off market
Interested in this home?
Buck usually replies within the hour. No pressure, ever.