Description
**Price Summary**
**Investment Price:** $1,250,000
**Total Units:** 10
**Year 1 Cap Rate:** 6.69%
**Location:** Deland
**Property Overview**
Introducing Stetson Apartments. This attractive property features two elegant 2-story buildings and a well-balanced unit mix consisting of two studios, four one-bedroom, one-bath units, three two-bedroom, one-bath units, and one spacious two-bedroom, one-and-a-half-bath unit. Recent renovations have transformed the interiors, showcasing modern kitchens equipped with stylish cabinetry and countertops, updated bathrooms, and beautifully resurfaced hardwood flooring. The exterior is complemented by stunning new landscaping, enhancing the overall appeal.
Located strategically near major employers, including a newly opened Amazon distribution center just over eight miles away, Stetson Apartments benefits from strong demand and promising rent growth potential. With a history of exceptional occupancy rates, this property stands as a prime opportunity for investors aiming for reliable cash flow and future value enhancement through effective rent optimization. Don’t miss your chance to invest in a property with both performance and potential!
Contact the Vip Commercial Team at 407-453 3415 immediately for more information!!!
