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    430 S Parsons Ave Deland, FL 32720

    For Sale
    $295,000

    Tenant-occupied triplex with updated units near Stetson University.

    Lot size:
    0.13 Acres

    Property Features for 430 S Parsons Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1953

    Source: 407 PROPERTIES Agent Megan Bish

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Triplex Near Downtown DeLand

    This turnkey triplex features three spacious one-bedroom, one-bathroom units, all currently tenant-occupied. The property has been updated within the last five years, including new paint, tile flooring, tile shower/tub combinations, and refreshed kitchens. Each unit is equipped with laundry hookups, and Unit 1 features new stainless steel appliances. The roof was replaced in 2016. Unit 1 is leased for $1,025 per month (lease ends 2/27), Unit 2 for $1,000 per month (ends 6/26), and Unit 3 for $950 per month (ends 5/26). Tenants are responsible for their electric bills, while water is in the owner's name, with tenants billed $75 per month each. Located close to Downtown DeLand and Stetson University, this property offers strong rental income and proven returns.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.308659
    Latitude
    29.021635

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    FAQs

    What type of property is this?
    Triplex - Tenant-occupied triplex with updated units near Stetson University.
    Where is this triplex located?
    The property is located at 430 S Parsons Ave Deland, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Meets the 1% Rule, indicating strong cash flow potential.; - Turnkey triplex with three tenant-occupied units, providing immediate rental income.; - Updated within the last 5 years with new paint, tile flooring, tile shower/tub combos, and refreshed kitchens.
    (407) 716-3983
    Request Owner's contact information
    430 S Parsons Ave Deland, FL 32720
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    Deland, FL 32720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    430 S Parsons Ave Deland, FL 32720
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