128 E RICH Avenue, Deland, FL 32724
sale
$1,000,000
|
Other
Courtesy Of Greene Realty of Florida LLC
Prime Downtown DeLand mixed-use opportunity across two downtown parcels, 700901050023 & 700901050030, with strong in-place income and serious upside. Centrally located in a high-traffic, highly visible downtown corridor, this property features currently occupied residential rental units producing steady cash flow, along with income-producing commercial spaces well-suited for retail, office, studio, or service-based users seeking walkability and exposure. Property is currently configured as 8 residential units and 2 commercial units, with 2 of the residential units vacant and needing renovations. Additional workshop and storage space provides flexible utility and potential for added revenue. On-site parking area adds a major advantage for both residential tenants and commercial customers- rare for downtown. Property offers clear value-add potential for investors and business-minded buyers willing to add some TLC to boost rents and maximize long-term returns. Ideal for portfolio growth, owner-user live/work vision, or repositioning play in one of DeLand's most active and desirable areas. Don't miss the chance to make this rare opportunity yours! **All information provided by public records and/or seller and presumed correct, but to be verified by buyer during due diligence**
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Property Features
- Age: Over 50 Years Old
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Cooling System: Central Air
- Exterior Type: Wood Siding
- Exterior Type: Brick
- Exterior Type: Block
- Floors: 2
- Legal Description: PARCEL #1: W 61 FT OF N 1/2 OF LOT 2 & E 3 FT OF N 60 FT OF LOT 3 BLK 5 DELAND PER OR 2750 PG 0713 PARCEL #2: E 83 FT OF N 1/2 OF LOT 3 EXC E 3 FT OF N 60 FT BLK 5 DELAND PER OR 4255 PG 3358
- MLSID: V4946191
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