Apartment Building Adjacent to
830 N Clake Street DELAND, Deland, FL 32724
For Sale
$1,400,000
Block 8 apartment building with new roofs, central AC in most units, and tenant-paid electric meters.
Property Size5,848 SF
Price / SF$239.40
Days on Market130
Property Features for 830 N Clake Street DELAND
General Information
Standard status
Size
Additional Details
Business Included
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Ceramic Tile
1
Public Records
true
Public
22956
0.53
false
Paved
Slab
City Street
5848
2
8
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
386-873-7033. - 386-873-7033
Listed By:
CARDINAL ROW REAL ESTATE
Source:
Movetojacksonville
Added: Jul 6
Changed: Nov 7
Last Checked: Oct 7 at 9:27AM
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 386-873-7033. - 386-873-7033
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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 Block 8 apartment building offers an income-producing residential mix with 2 efficiency units, two 2-bedroom / 2-bath units, and four 2-bedroom / 1-bath units. The property includes new roofs on both buildings. Most units have newer central AC, and each tenant has their own electric meter. Public utilities are provided.
The building is located at 830 N Clake Street in Deland, Florida, adjacent to Stetson University.
Based on the provided information, the proforma income is $11,000 per month. Please contact the listing broker for an easy showing.
The building is located at 830 N Clake Street in Deland, Florida, adjacent to Stetson University.
Based on the provided information, the proforma income is $11,000 per month. Please contact the listing broker for an easy showing.
Key Highlights
- Block 8 apartment building with 2 buildings and 8 units on a 0.53‑acre lot
- New roofs on both buildings
- Most units feature newer central A/C, plus air conditioning is available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,562
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,240
$891.2K
Cap Rate 7%
$636,600
$636.6K
Cap Rate 9%
$495,133
$495.1K
Market Conditions
NOI Build-Up for 5,848 SF
Gross rent
$90.5K $15.48/SF
− Vacancy
−$9.5K −$1.63/SF
EGI
$81.0K $13.85/SF
− OpEx
−$36.5K −$6.23/SF
NOI
$44.6K $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%
$891,240
Cap Rate 7%
$636,600
Cap Rate 9%
$495,133
Alternative Uses
Best Use
Apartment 5plus
$636.6K
$557.0K – $742.7K
NOI $44,562 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,703 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
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
$283,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Volusia County, FL
Properties on Market for Apartment buildings in Volusia County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Block 8 apartment building with new roofs, central AC in most units, and tenant-paid electric meters.
Where is this apartment building located?
The property is located at 830 N Clake Street DELAND Deland, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Block 8 apartment building with 2 buildings and 8 units on a 0.53‑acre lot; New roofs on both buildings; Most units feature newer central A/C, plus air conditioning is available
