410 W Howry AvenueDeland, FL 32720Sale Price: $557,555

Our peaceful downtown DeLand location is walking distance from Stetson University and all that downtown has to offer. The property includes a charming 1927 Tudor-style 2-bedroom, 2-bathroom, 1,346 SF main house, plus five unique studios apartments that were built onto and behind the house in 1949. Residents enjoy a communal outdoor green space and an abundance of fenced parking on the grounds. The beautiful old main house is full of character, featuring high ceilings, an eat-in kitchen with a massive island and loads of custom wood cabinet storage and pantry space. The home has lovely hardwood floors, a large living room with a wood-burning fireplace, a dining room that can double as an office space, two nicely-sized bedrooms, a HUGE main bathroom that doubles as the laundry room and includes a large closet as well as a retro designed shower, a second bathroom with a cast-iron bathtub, and plenty of unique artistic touches. The large front driveway provides plenty of parking space for a number of vehicles. Currently rented as a nightly vacation rental for up to 10 people per night. The studio units vary in size from 213 SF to 360 SF and each include a bathroom, kitchen space, closet, window unit AC, and space heater. All studio units have tiled floors, two of the units have gas ranges (we provide electric cooktops for the rest), and all units have refrigerators. Studio tenants have a large parking lot and an entrance from the street behind the house so they don't have to interact with or disturb any guests staying in the main house. Currently rented on annual leases. Owner pays all utilities, but tenants are charged a utility fee that is rolled into their monthly rent. Double occupancy and/or any pets require additional rent. All tenants have deposits and last month's rent in place for security. Annual NOI is $60,000.