DeLand Multifamily Investment
For Sale
$960,000
1307 Cook St, Deland, FL 32724
Six-unit apartment building in DeLand, Florida, with 12 bedrooms.
Property Size4,500 SF
Price / SF$213.33
Days on Market634
Property Features for 1307 Cook St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,637
Listing Agency:
SOUTHERN REALTY ENTERPRISES
Listed By:
Frank Filippelli · License #316243
(407) 869-0033
Source:
Exprealty
Added: Jan 21, 2025
Changed: Oct 10
Last Checked: Oct 16 at 2:43PM
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 SOUTHERN REALTY ENTERPRISES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a six-unit apartment building located on Cook Street in DeLand, Florida. The property encompasses 4,500 square feet and features a total of 12 bedrooms and 6 bathrooms.
Key Highlights
- Multi‑unit apartment building: Ideal for investment and rental income potential.
- Located in Deland, FL: Attractive location for tenants and property value.
- 6 Units: Provides a diverse income stream and tenant base.
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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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building in DeLand, Florida, with 12 bedrooms.
Where is this apartment building located?
The property is located at 1307 Cook St 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: Multi‑unit apartment building: Ideal for investment and rental income potential.; Located in Deland, FL: Attractive location for tenants and property value.; 6 Units: Provides a diverse income stream and tenant base.
