Deland

SOLD – W Florence Ave, Deland, FL 32720

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Beds: 2 (3)   Baths: 2   Sq. Ft: 1,988

ARV: $230k   Repairs: $45k-$50k 

$119,900+cc Assignable

Flip this SFH located near Stetson University and Downtown Deland. This block home built in 1956 is currently a 2/2 with 1,988 sqft of living space but the bonus room was originally the garage and converted to a bedroom but then converted to a workshop. This could be made back into a third bedroom or a garage. Part of this home has already been renovated with teak wood flooring, custom tile in the master bathroom along with oversized tub and shower. This property also features a fenced in back yard with lush tropical landscaping, a huge deck for entertaining, a screened in porch and a pool. The home needs paint, window, roof, kitchen, 1 bath upgrade, pool, and convert storage back to 3rd bedroom. Finish upgrading the rest of the home and sell at an ARV of $230k. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

Comps:

539 W Minnesota Ave – 4/2,  2,053 SqFt, Built 1925,  No Garage, No Pool, Renovated – SOLD on 8/10/2015 for  $237,500

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SOLD – Howry Ave, Deland, FL 32724

Beds: 4  Baths: 2   Sq. Ft: 1,796 

Repairs: $5k    Rent: $1,000+   ROI: 15%

$50,000+cc

Recently Rehabbed Deland Rental. Come check out this 4 bedroom 2 bath home that was built in 1971 and sits on a large fenced lot. This property was rehabbed in 2012-2013 by the owner with all new electrical, new plumbing, new roof, new insulation, new drywall, new tile, new air ducts, and central a/c added to the finished enclosed porch. Home need a little TLC to be rental ready at $1,000 or more. 2015 taxes $308.47, NO HOA. The return on this  nice rental home is 15% after repairs, property management costs (10%), taxes, and insurance. Add this home to your rental portfolio today!!! Call me IMMEDIATELY before this one sells!! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – S. Palmetto Ave, Deland, FL 32720

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Beds: 5  Baths: 3.5   Sq. Ft: 2,216

ARV: $120k   Rehab: $50k   Rent: $1,800

$45,000+cc

This Deland triplex consists of a 2/1.5, a 2/1 and a studio. It is in need of a massive rehab including floors, kitchens, baths, paint in and out, landscaping, AC and a few other items. However with a $50,000 rehab you should still be able to get 20% R.O.I. once tenants are in place. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – W. New St, Deland, FL 32720

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Beds: 2  Baths: 1   Sq. Ft: 780

ARV: $50k    Rehab: $15k-$20k

$17,500+cc

Great investment property for a shockingly low price! Property is located in the heart of Deland, FL close to Stetson University and downtown shopping and restaurants.  In need of major TLC, but would make a great cash flow rental property!  Western Volusia is a HOT rental market, and Volusia County is the #2 county for house-flipping nationwide so act FAST and GET IN NOW! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – Hemingway Ct, Deland, FL 32720

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Beds: 2   Baths: 2    Sq. Ft: 1,171

ARV: $60k   Repairs: $1k

$44,900+cc

Move In Ready! NO HOA! Great 2 bedroom, 2 bath, with a 2 car garage in Deland. Affordable Living! Half of duplex, roof 2005, electric hot water heater 2011. Kitchen comes with all appliances and has a large eat in area. Living and dining room are open to each other, great for entertaining. Big master bedroom with 2 closets. Beautiful screened 10×18 patio to enjoy the wonderful Florida weather on. Large 2 car garage that comes with washer and dryer. Call now before it’s sold! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – Hontoon Rd, Deland, FL 32720

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Beds: 4    Baths: 2    Sq. Ft: 1,750   

ARV: $130k   Rehab: $10k 

$85,000+cc

Quick & Easy Flip! Come check out this desirable Deland home surrounded by lakes. This home offers 4 bedrooms, 2 baths and 1,750 SqFt of living space. All this house needs is a coat of paint and appliances. House features granite countertops, newer cabinets, tile, swimming pool, newer a/c, rod iron fence, newer windows.  This property is a STEAL at this price and will sell fast! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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CANCELLED – Lantern Ln., Deland FL 32720

Bed: 5     Bath: 2.5     SqFt: 2408

ARV: $265k     Repairs: $30k+

$182,500+cc 

Monster Deland flip!  Big house that sits on nearly half an acre that is zoned R3!  This house is very undervalued and can be flipped for a quick profit, but can also could be rented out with a mother-in-law suite to hold for some great rental returns! Rehab on this one is mainly cosmetic.  You need to update the kitchen and baths, replace some flooring and paint in and out.  Additionally, needs some minor touch-ups like fixtures, etc, as well as some landscaping. Comping this one is not straight forward, as you are one of the biggest houses in the surrounding area.  But a price per square of $100-110 is very conservative, and puts you in the $265k range for an ARV.  Whatever your intentions, you are getting this house very undervalued! Don’t miss out

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