318 S Clake Street
Deland, FL 32720

Listed at $465,000

Details

  • MLS# V4947850
  • Multi Unit - Multiple
  • Status Active
  • 4 Bedrooms
  • Bathrooms
  • 2,221 Square Feet
  • 0.340 acres
  • Built in 1941
  • Local Schools

Description

Stop settling for bank rates and start building equity! Located steps from Stetson University in the Downtown DeLand Historic District, this rare 3-unit gem sits on 2 lots with 3 tenants already in place-Prime Investment Opportunity: $465,000 with 9.35% ROI. Own a stabilized, income-producing asset in the heart of DeLand. This multi-unit property boasts an impeccable rental history. Situated on two parcels directly adjacent to Stetson University, the portfolio includes a charming 2/2 main house + two 1/1 apartments in the rear. Perfect rental history + unbeatable location = the ultimate addition to your portfolio. Sold 'as-is,' this is a...read more rare chance to acquire a high-return property in a sought-after Historic District with built-in demand, or live in the home & have a built-in income stream. Do not disturb tenants; the agent/owner is the landlord. 24-hour notice to show.

Features

  • Central Air, Mini-Split Unit(s)
  • Central
  • $4,604 Taxes
  • Public
  • Built in 1941
View All Features

Contact the Agent

Contact the Listing Agent
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 9:39:13 AM EST) or Miami MLS (last updated Mon 04/06/2026 9:33:03 AM EST) or Stellar MLS (last updated Mon 04/06/2026 9:19:31 AM EST) or Daytona MLS (last updated Mon 04/06/2026 9:37:15 AM EST) or Tallahassee MLS (last updated Mon 04/06/2026 8:48:03 AM EST) or Northeast Florida MLS (last updated Mon 04/06/2026 9:28:57 AM EST) or My State MLS (last updated Mon 04/06/2026 9:30:42 AM EST) or Florida Keys MLS (last updated Mon 04/06/2026 8:30:26 AM EST). Real estate listings held by brokerage firms other than Adams Cameron & Co. REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 43600.00
  • Community Features: Street Lights
  • Cooling: Central Air, Mini-Split Unit(s)
  • Days on Site: 4
  • Directions: Going south on Woodland Blvd, turn left onto E Voorhis Ave, in 350 ft turn right onto S Clake St. (FYI- Most GPS wants to change Clake to Lake).
  • Energy Efficient: Appliances, Insulation, Lighting
  • Exterior: Block, Cedar, Frame
  • Exterior Features: Private Yard, RV Hookup
  • Fireplace: Decorative
  • Fireplace Y/N: Yes
  • Flood Zone Code: X
  • Foundation: Crawlspace, Pillar/Post/Pier, Slab
  • Heating: Central
  • Home Warranty Y/N: No
  • Interior Features: Attic Ventilator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Window Treatments
  • Listing Terms: Cash, Conventional
  • Lot Dimensions: 0.34
  • Lot Size: 0.34 Acres
  • Other Equipment: Private Yard, RV Hookup
  • Ownership: Fee Simple
  • Property Attached Y/N: No
  • Property Sub-Type: Triplex
  • Roof Type: Metal, Shingle
  • Sewer: Public Sewer
  • Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, ShowingTime
  • Special Sale Provisions: None
  • Taxes: $4,604
  • Units: 3
  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Public, Sewer Connected, Water Connected
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1941
  • Zoning: 1210-MIXED