Church-Converted Duplex with
52 DELAND Avenue Indian Lake Estates, FL 33855
52 DELAND Avenue, Indian Lake Estates, FL, 33855
$225,000
For Sale
$225,000
MULTI_FAMILY - INDIAN LAKE ESTATES, FL
Property Size1,940 SF
Lot Size2.53 Acres
Price / SF$115.98
Days on Market67
Property Features for 52 DELAND Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- PUD
- Bedrooms
- 1
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1
- Pets allowed
- Yes
- Interior features
- Primary Bedroom Main Floor, Vaulted Ceiling(s)
- Standard status
- Active
- APN
- 30-31-04-994100-033001
- Size
- 1,940 SF
- Lot size
- 2.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- INDIAN LAKE ESTS UNIT 10 SEC 4/9 31 30 PB 40 PG 14 BLK 330 LOTS 1 TO 5
- Tax Annual Amount
- 2918
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing agency
SIGNATURE REALTY ASSOCIATES
(813) 689-3115
Listed by
Laura Carter · License #3466616
(863) 703-6006
Added: May 18 Updated: Jul 20 at 8:58PM Checked: Jul 23 at 4:06AM
MLS# TB8511719
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.
An entire block is available for sale at 2.53 cleared acres, featuring a church building converted into a home plus rental setup. The property includes two buildings connected by a breezeway, allowing shared roof coverage while maintaining separate living areas. The first building offers a living room, bedroom, kitchen, and two bathrooms. The second building includes one large unfinished studio space with utility and bathroom area.
The property is zoned PUD and is located across from a United Methodist Church. It is part of Indian Lake Estates (ILE), which includes amenities such as a golf course, fishing pier, marina, pavilion, bathhouse, and beach area, along with community land fronting Lake Weohyakapka.
There is no HOA. The community does require an annual license fee, per parcel, to help maintain private roads.
The property is zoned PUD and is located across from a United Methodist Church. It is part of Indian Lake Estates (ILE), which includes amenities such as a golf course, fishing pier, marina, pavilion, bathhouse, and beach area, along with community land fronting Lake Weohyakapka.
There is no HOA. The community does require an annual license fee, per parcel, to help maintain private roads.
Key Highlights
- 2.5‑acre property with a church‑turned home and an additional unfinished studio on‑site, arranged as two buildings connected by a breezeway.
- Building features include primary bedroom on the main floor, vaulted ceiling(s), central heating, and central air.
- Two bathrooms plus additional bathroom space for the second building’s unfinished area, giving flexible living or rental possibilities.
Local Financial Insights For Multifamily LT 5
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 | $31.4k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $29.4k | $15.15 |
| − OpEx | −$8.8k | −$4.54 |
| NOI | $20.6k | $10.60 |
1,940 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.9K
$257.1K – $342.8K
NOI $20,570 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$262.5K
$229.7K – $306.3K
NOI $18,376 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$466.2K
$407.9K – $543.9K
NOI $32,634 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two connected buildings provide a finished home unit plus a second unfinished studio with utility and bathroom space.
Where is this duplex located?
The property is located at 52 DELAND Avenue Indian Lake Estates, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2.5‑acre property with a church‑turned home and an additional unfinished studio on‑site, arranged as two buildings connected by a breezeway.; Building features include primary bedroom on the main floor, vaulted ceiling(s), central heating, and central air.; Two bathrooms plus additional bathroom space for the second building’s unfinished area, giving flexible living or rental possibilities.
