125 Salisbury AveDeLand, FL 32720

This exceptional 17-unit apartment building in DeLand, Florida presents a compelling investment opportunity. The property, encompassing 13,200 square feet across three two-story buildings, sits on a 0.68-acre lot. Recently renovated in 2024, the complex boasts updated kitchens, bathrooms, and flooring in all units, along with brand new windows and exterior paint. All roofs were replaced in 2023, ensuring long-term cost savings. The unit mix includes two efficiencies, five one-bedroom/one-bathroom units, and ten two-bedroom/one-bathroom units. Each unit features central air conditioning, and tenant convenience is enhanced by an on-site laundry facility. Utilities are separately metered for electricity, while water, sewer, and trash are covered by the landlord. This property offers significant rental upside potential, estimated between $7,000 and $9,000 annually. Its prime location near State Road 44, DeLand Municipal Airport, the DeLand Museum of Art, Blue Springs State Park, and Stetson University ensures high occupancy rates and strong demand. This is a turnkey investment ready for immediate income generation.