796 Blue Lake Ave DeLand, FL 32724
This exceptional investment opportunity in Deland, Florida, presents two combined lots totaling 0.484 acres for the price of one. The property consists of two parcels: Lot 1, encompassing 0.164 acres, fronts South Blue Lake Avenue; and Lot 2, totaling 0.32 acres, is almost directly adjacent to Lot 1, accessible via a high-powerline easement. Both lots are zoned R-3, allowing for the construction of a home with a minimum square footage of 1,000 square feet. This location offers a blend of established development and natural surroundings, creating both immediate and long-term potential. The property is conveniently located approximately 20 minutes from Daytona Beach. The asking price is $39,000, and owner financing is available, making this an attractive proposition for investors and prospective homeowners seeking a prime location in Volusia County, Florida, with the zip code 32724. The property's coordinates are 29.0418309 latitude and -81.2769563 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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