Updated
For Sale
$269,900
448 N KANSAS AVE, Deland, FL 32724
Two residential units offer a flexible owner-occupancy and rental configuration outside an HOA or COA.
Property Size1,376 SF
Price / SF$196.15
Days on Market246
Property Features for 448 N KANSAS AVE
General Information
Standard status
Active
Size
1,376 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,326
Building Details
Building Size
1,376 SF
Year Built
1965
Listing Agency:
CROW ENTERPRISES LLC
Listed By:
William Crow · License #3228511
(386) 747-1444
Source:
Coastalventures
Added: Feb 24
Changed: Oct 26
Last Checked: Oct 26 at 2:11PM
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 CROW ENTERPRISES LLC
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Investment Insights
Based on property information with market context.
This 1,376-square-foot duplex in DeLand contains two residential units. Improvements include new flooring, new air-conditioning units, newer roofing, exterior paint, and updated countertops. The property was built in 1965 and is outside an HOA or COA.
The location is minutes from Historic Downtown DeLand. Current tenants occupy the property, providing an existing rental arrangement.
The location is minutes from Historic Downtown DeLand. Current tenants occupy the property, providing an existing rental arrangement.
Key Highlights
- Two‑unit residential property totaling 1,376 square feet
- Built in 1965
- Recent work includes flooring, air‑conditioning units, exterior paint, and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,071
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,420
$241.4K
Cap Rate 7%
$172,443
$172.4K
Cap Rate 9%
$134,122
$134.1K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$19.2K $13.92/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$17.2K $12.53/SF
− OpEx
−$5.2K −$3.76/SF
NOI
$12.1K $8.77/SF
Area
Volusia County, FL
Vacancy
9.97%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,420
Cap Rate 7%
$172,443
Cap Rate 9%
$134,122
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.9K – $201.2K
NOI $12,071 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$149.8K
$131.1K – $174.8K
NOI $10,485 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$405.7K
$355.0K – $473.4K
NOI $28,401 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a flexible owner-occupancy and rental configuration outside an HOA or COA.
Where is this duplex located?
The property is located at 448 N KANSAS AVE Deland, FL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit residential property totaling 1,376 square feet; Built in 1965; Recent work includes flooring, air‑conditioning units, exterior paint, and countertops
