647 Woodland Blvd DeLand, FL 32720

This 37-key hotel in historic DeLand, Florida, presents a compelling value-add investment opportunity. The property, listed at $2,970,000, comprises three one-story buildings totaling 11,410 square feet, constructed in 1950. All 37 studio, one, and two-bedroom units are currently 100% occupied, generating consistent income. The existing management office offers potential for conversion into an additional rental unit, further boosting revenue. Current average monthly rent is $773, significantly below market value, allowing for substantial rent increases with minimal impact per square foot. Located on South Woodland Boulevard, the property enjoys a prime location just blocks from downtown DeLand and Stetson University, benefiting from nearby retail amenities and proximity to the Amtrak station and SunRail extension. This strategic location provides residents easy access to employment opportunities in nearby cities like Lake Mary, Longwood, Altamonte Springs, Maitland, and Orlando. Surface parking is available at each building, providing convenient resident access. This hotel offers a unique blend of historical charm and significant upside potential for the savvy investor.