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191 Lake Molly Avenue

DeLand, FL 32724

– beds
– baths
4,012 sqft
~1 acre lot
$124 per sqft
1946 build
– on site

Under contract-accepting backup offers. MOTIVATED SELLER!! Potential Gross income of upwards of 20-30k per month!! Cash Cow! Incredible Opportunity to acquire an over 4,000 square foot former Adult Living Facility on approximately 1 acre of land! This solidly constructed concrete block building has 11 bedrooms and 6 bathrooms plus living areas, kitchen, and large concrete detached storage building. Options for this property abound, including returning to an ALF, creating a high cash flow rental property, applying for a rezoning/annexing to city of DeLand to do a multi-family use on the property, doing a PUD (planned urban development) project to add more buildings on to the property, or simply renovating as a massive home for a large or growing family. You could also rent out the property by room or even On Airbnb! Plans have already started on converting this back to ALF with a hefty amount of repairs being done, as well as having architecture plans done, as well as being in talks with the city about permits. All the heavy lifting has been done for you!!! Property is absolutely gorgeous with majestic live oaks, wildlife, and pond frontage all on a paved road. Perfectly located 3 miles north of Downtown Deland, 2.7 miles from Stetson University, and only 2.4 miles from the Deland Airport! Endless opportunities to cash flow on this solid deal.

Listing courtesy of STELLAR_MLS / COUNTRYWIDE REALTY PARTNERS LLC

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# O6146578 —

The Building

Year Built:

1946
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Block
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Other
Fireplace:

false

Room Dimensions

Living Area:

4012
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Take I-4 E to FL-44 W/E New York Ave in Volusia County. Take the FL-44 W exit from I-4 E, Merge onto FL-44 W/E New York Ave, Turn right onto Blue Lake Ave, Turn right onto Jacobs Rd, Turn left onto E International Speedway Blvd, Turn right onto Hwy 17 N/N Woodland Blvd, Slight right onto SR 11, Turn right onto Lake Molly Ave, Property will be on your left
Latitude:

29.070974
Longitude:

-81.300677
Coordinates:

-81.300677, 29.070974

The Property

Parcel Number:

603300000340
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.94
Lot Size Area:

40754
Lot Size SqFt:

40754
Lot Size Dimensions:

81 x 163
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

01R3
View:

false
Exterior Features:

Other
Water Source:

Private
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Lot:

6
Tax Block:

000340
Tax Legal Description:

33-16-30 THE E 14.98 FT OF LOT 6 & ALL OF LOT 7 & ALL OF THE NOT INCLUDED PARCEL & INC THE PORTION OF LOT 8 LYING EAST OF THE EAST LINE OF LOT 7 & E/L OF NOT INCLUDED PORTION & SOUTH OF THE E/LY PROJ OF LOT 8 LAKE MOLLY SUB MB 19 PG 11 & INC THE W 7.9 FT OF THE S 130 FT OF POND LOT & THE W 7.9 FT OF LOT 3 LAKE MOLLY ADDITION MB 19 PG 72 AKA PARCEL #2 DESCRIBED IN OR 8141 PG 2968 ALL EXC 100% SUBSURFACE RIGHTS TO PART PER OR 8032 PG 3069 PER OR 8215 PG 0045 PER OR 8225 PG 1131 PER OR 8252 PG 1497
Tax Book Number:

4009-3
Tax Annual Amount:

3258.06

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6146578
Special Listing Conditions:

None

Heating & Cooling

Heating:

None
Heating:

false
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Other
Sewer:

Septic Tank

The Community

Subdivision Name:

LAKE MOLLY SUB
Senior Community:

false
Water View:

Pond
Water View:

true
Water Access:

Pond
Water Access:

true
Waterfront:

true
Waterfront Features:

Pond
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/28/24 Jun 28, 2024	Pending	STELLAR_MLS	$499,500
5/13/24 May 13, 2024	Price Changed	STELLAR_MLS	$499,500	0.1%
5/2/24 May 2, 2024	Price Changed	STELLAR_MLS	$499,000	-0.0%

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This multifamily located in Lake Molly, DeLand, FL 32724 is currently pending sale for $499,500. 191 Lake Molly Avenue is a 4,012 square foot multifamily with – beds and – baths that has been on Estately for 418 days. 191 Lake Molly Avenue is in the Lake Molly neighborhood of DeLand and has a WalkScore® of 9, making it car-dependent.

Listing Courtesy of: STELLAR_MLS and COUNTRYWIDE REALTY PARTNERS LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.