Description
**Property Details**
**Unlock the Potential of Dixie Efficiencies**
proudly presents Dixie Efficiencies, an exceptional investment opportunity with 37 efficiency units. This robust property features solid concrete block construction and boasts newly installed pitched-shingle roofing (completed in 2022). Encompassing two one-story buildings, it offers a generous total of approximately 13,145 gross square feet on a spacious 2.15-acre lot. A brand-new parking lot was also completed in 2022, enhancing the property’s accessibility and appeal.
This unique offering includes 37 efficiency units (currently without kitchens), a convenient laundry room equipped with 2 washers and 2 dryers, and a dedicated on-site office. Landlord-paid utilities—including electricity, water, sewer, and trash—add to the ease of management. Each unit is equipped with window air conditioning and concrete flooring, providing a clean and functional living environment. Operating as a non-transient apartment, this property also sits within a promising Opportunity Zone.
**Prime Location Advantages**
Dixie Efficiencies is ideally situated just minutes from downtown DeLand and Stetson University, with quick access to Interstate 4. Only thirty minutes away are renowned attractions such as Daytona Beach International Airport, Daytona International Speedway, and the iconic Daytona beaches, making it a desirable location for residents and investors.
**Key Highlights**
– Attractive current 11% Cap Rate
– Located in a lucrative Opportunity Zone
– Significant value-add potential
– Proximity to vibrant downtown DeLand
– On-site office for efficient management
– Durable concrete block construction
**Investment Summary**
– Asking Price: $2,500,000
– Total Units: 37
– Location: DeLand
Seize this unique opportunity to invest in a property with immense potential and a prime location—Dixie Efficiencies is ready for you!
Contact the Vip Commercial Team at 407-453 3415 immediately for more information.
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