Multifamily Building Near
830 N Clake Street Deland, FL 32724
830 N Clake Street, Deland, FL, 32724
$1,400,000
For Sale
$1,400,000
Two-building multifamily property with new roof improvements and tenant electric metering for straightforward operational setup.
Property Size5,848 SF
Price / SF$239.40
Days on Market83
Property Features for 830 N Clake Street
General Information
- Standard status
- Active
- Size
- 5,848 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1980
Listing Agency
CARDINAL ROW REAL ESTATE
(386) 873-7033
Listed by
Mitch Feinsod · License #3288255
Source
Xome
Added: Apr 27 Checked: Jun 15 at 4:27 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 CARDINAL ROW REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of two buildings in a Block 8 unit configuration. The seller reports new roofs on both buildings. Unit features include newer central air conditioning in most units, and tenants have their own electric meters, with public utilities available. The current unit mix includes two efficiencies, two two-bedroom/two-bath units, and four two-bedroom/one-bath units.
The property is located in Deland, Florida, and is described as adjacent to Stetson University. The combination of a multi-unit setup and separate tenant electric metering can simplify day-to-day utilities management compared with shared metering arrangements.
For tenants, buyers, or operators seeking a compact income property, this layout provides multiple two-bedroom options alongside efficiency units. The seller also provides a pro forma income figure of $11,000 per month; prospective purchasers should review operating details and assumptions during due diligence. Call for an easy showing to evaluate the condition, unit finishes, and overall suitability for your leasing plan.
The property is located in Deland, Florida, and is described as adjacent to Stetson University. The combination of a multi-unit setup and separate tenant electric metering can simplify day-to-day utilities management compared with shared metering arrangements.
For tenants, buyers, or operators seeking a compact income property, this layout provides multiple two-bedroom options alongside efficiency units. The seller also provides a pro forma income figure of $11,000 per month; prospective purchasers should review operating details and assumptions during due diligence. Call for an easy showing to evaluate the condition, unit finishes, and overall suitability for your leasing plan.
Key Highlights
- Two‑building multifamily property (Block 8) with new roofs on both buildings
- Unit mix includes 2 efficiencies, 2 two‑bed/2‑bath units, and 4 two‑bed/1‑bath units
- Most units have newer central AC; cooling also includes central air and window/wall units
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 | $90.5k | $15.48 |
| − Vacancy | −$9.5k | −$1.63 |
| EGI | $81.0k | $13.85 |
| − OpEx | −$36.5k | −$6.23 |
| NOI | $44.6k | $7.62 |
5,848 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-building multifamily property with new roof improvements and tenant electric metering for straightforward operational setup.
Where is this apartment building located?
The property is located at 830 N Clake Street 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: Two‑building multifamily property (Block 8) with new roofs on both buildings; Unit mix includes 2 efficiencies, 2 two‑bed/2‑bath units, and 4 two‑bed/1‑bath units; Most units have newer central AC; cooling also includes central air and window/wall units
