Updated Condominium Near Downtown
217 N HILL AVENUE 20 Deland, FL 32724
217 N HILL AVENUE 20, Deland, FL, 32724
$227,900
For Sale
$227,900
Updated condominium with new features, close to downtown Deland.
Property Size1,066 SF
Lot Size0.03 Acres
Price / SF$213.79
Days on Market878
Property Features for 217 N HILL AVENUE 20
General Information
- Standard status
- Active
- Size
- 1,066 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1971
Listing Agency
UNITED REAL ESTATE PREFERRED
(386) 747-6513
Listed by
Christie Vaccaro · License #3358252
(386) 747-6513
Source
Exitrealty
Added: Feb 23, 2024 Updated: Jul 6 at 12:21 pm Checked: Jul 19 at 4:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED REAL ESTATE PREFERRED
Investment Insights
Based on property information with market context.
This updated condominium features new, energy-efficient windows and doors, allowing natural light to fill the space. The property includes new HVAC units, air ducts, and a new hot water tank, along with updated electrical work, light fixtures, and ceiling fans in every room. The open-concept living area features crown molding and luxury vinyl plank flooring. The kitchen is equipped with soft-close 42" cabinets, a pantry cabinet, quartz countertops, a movable island, and new appliances. The master bedroom includes a full wall of closets and a master bathroom with a porcelain-tiled walk-in shower with a frameless glass door, a new toilet, and a quartz counter and vanity. The hallway offers ample storage space with a large closet and a linen closet. The second full bathroom has a tub and shower combo, a new toilet, vanity, and fixtures. The second bedroom is bright and spacious with a large closet. A large laundry/utility room with extra storage is located near the back door to the outdoor space. Grounds maintenance, exterior insurance, maintenance, and trash services are managed by the association. The property includes a patio area and front parking. It is located a couple of miles from Downtown Deland's Mainstreet, which offers shops, restaurants, entertainment, and seasonal festivities. Beaches are approximately 25 miles east, with easy access to I-4 and the SunRail and Amtrak station nearby. The property is a 55+ condominium.
Key Highlights
- Completely renovated with new HVAC, windows, doors, electrical, flooring, kitchen, and bathrooms.
- Open‑concept living space featuring a modern kitchen with quartz countertops, soft‑close cabinets, and new appliances.
- Enjoy a low‑maintenance lifestyle; grounds maintenance, exterior insurance, maintenance, and trash removal are covered by the association.
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 | $16.5k | $15.48 |
| − Vacancy | −$1.7k | −$1.63 |
| EGI | $14.8k | $13.85 |
| − OpEx | −$6.6k | −$6.23 |
| NOI | $8.1k | $7.62 |
1,066 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$116.0K
$101.5K – $135.4K
NOI $8,123 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.3K
$275.0K – $366.7K
NOI $22,002 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Updated condominium with new features, close to downtown Deland.
Where is this residential income property located?
The property is located at 217 N HILL AVENUE 20 Deland, FL.
What is the asking price?
The asking price for this property is $227,900.
What are key features of this property?
This property features: Completely renovated with new HVAC, windows, doors, electrical, flooring, kitchen, and bathrooms.; Open‑concept living space featuring a modern kitchen with quartz countertops, soft‑close cabinets, and new appliances.; Enjoy a low‑maintenance lifestyle; grounds maintenance, exterior insurance, maintenance, and trash removal are covered by the association.
