Multi-Family Income Property, Deland,
1307 COOK STREET Deland, FL 32724
1307 COOK STREET, Deland, FL, 32724
$960,000
For Sale
$960,000
Multi-Family 5+ - DELAND, FL
Property Size4,500 SF
Lot Size0.34 Acres
Price / SF$213.33
Days on Market544
Property Features for 1307 COOK STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 01R6
- Bedrooms
- 12
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Open Floorplan, Primary Bedroom Main Floor, Primarybedroom Upstairs, Solid Surface Counters
- Exterior features
- Balcony, Sidewalk
- 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 Annual Amount
- 5637.18
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1972
- Number of units
- 6
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
SOUTHERN REALTY ENTERPRISES
(407) 869-0033
2101 W State Road 434 #105, Longwood, FL
Listed by
Frank Filippelli · License #316243
(407) 448-1042
Added: Jan 20, 2025 Checked: Jul 18 at 3:06 pm
MLS# O6273286
Listing URL
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.
Investment Insights
Based on property information with market context.
This multi-family property, located in Deland, Florida, features six units. Five of the six units have updated interiors. The property has separate electric meters for all units. The lot size is 0.34 acres. The property size is 4500 square feet. The zoning is 01R6. The property is located close to the college, offering a convenient location. Some rentals are below market.
Key Highlights
- Great Income Generator with approx 7% cap rate
- Updated Interiors in 5 of 6 Units
- All Units Have Separate Electric Meters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.7k | $15.48 |
| − Vacancy | −$7.3k | −$1.63 |
| EGI | $62.3k | $13.85 |
| − OpEx | −$28.1k | −$6.23 |
| NOI | $34.3k | $7.62 |
4,500 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Multi-family property with updated units near college in Deland.
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: Great Income Generator with approx 7% cap rate; Updated Interiors in 5 of 6 Units; All Units Have Separate Electric Meters
