Six-Unit Apartment
For Sale
$960,000
1307 COOK Street, Deland, FL 32724
Residential Income, DELAND, FL
Property Size4,500 SF
Lot Size0.34 Acres
Price / SF$213.33
Days on Market640
Property Features for 1307 COOK Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
01R6
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 11, Bedroom 7, Bedroom 10, Bedroom 12, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 9, Bedroom 5, Bedroom 1, Bedroom 8
Interior features
Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters
Exterior features
Balcony, Sidewalk
Subdivision
BALLARD HEIGHTS IN DEANBURG 04-17-30
Directions
Hwy 17-92 to Kentucky Ave,right to Cook St,left on Cook St ,building on the right
Standard status
Active
APN
04-17-30-09-00-0360
Size
4,500 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
4-17-30 LOTS 36 TO 39 INC BALLARD HEIGHTS DEANBURG MB 7 PG 49 PER OR 4013 PG 2000 PER OR 5755 PGS 2300-2301
Tax Annual Amount
5637
Legal Description
4-17-30 LOTS 36 TO 39 INC BALLARD HEIGHTS DEANBURG MB 7 PG 49 PER OR 4013 PG 2000 PER OR 5755 PGS 2300-2301
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Number of units
6
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
SOUTHERN REALTY ENTERPRISES
(407) 869-0033
Listed By:
Frank Filippelli
(407) 448-1042
Added: Jan 20, 2025
Changed: Oct 18
Last Checked: Oct 22 at 1:06PM
MLS# O6273286
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains 4,500 square feet on a 0.34-acre lot and was built in 1972. Five of the six apartments have updated interiors. Block construction, central air conditioning, electric heat, ceramic tile flooring, and balconies are among the property’s features. The property is zoned 01R6, and the reported cap rate is approximately 7%.
Located near a college in DeLand, the property has public water service and a septic system. Cable is available. Each apartment is served by a separate electric meter.
Located near a college in DeLand, the property has public water service and a septic system. Cable is available. Each apartment is served by a separate electric meter.
Key Highlights
- Six apartments totaling 4,500 square feet
- Five of the six units have updated interiors
- Each unit has a separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,290
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,800
$685.8K
Cap Rate 7%
$489,857
$489.9K
Cap Rate 9%
$381,000
$381.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$69.7K $15.48/SF
− Vacancy
−$7.3K −$1.63/SF
EGI
$62.3K $13.85/SF
− OpEx
−$28.1K −$6.23/SF
NOI
$34.3K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,800
Cap Rate 7%
$489,857
Cap Rate 9%
$381,000
Alternative Uses
Best Use
Apartment 5plus
$489.9K
$428.6K – $571.5K
NOI $34,290 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,880 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
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Business Placement
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments feature updated interiors, and each unit has its own electric meter.
Where is this apartment building located?
The property is located at 1307 COOK Street Deland, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Six apartments totaling 4,500 square feet; Five of the six units have updated interiors; Each unit has a separate electric meter
