550 S LAKEVIEW DR, Lake Helen, FL 32744 - MLS#NS1082599

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$401,019

$375,000 6.9%

Est. payment - /mo

3,885 SqFt

Sold on 11/18/2024

550 S LAKEVIEW DR Lake Helen, FL 32744

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Key Details

Sold Price $401,019

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,885 sqft

Price per Sqft $103

Subdivision Lake Helen Blk 102

MLS Listing ID NS1082599

Sold Date 11/18/24

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1978

Annual Tax Amount $5,020

Lot Size 0.430 Acres

Acres 0.43

Property Description

Investment Opportunity: Fully Leased Five-Unit Apartment Building in Downtown Lake Helen, Florida awaiting the next investor. The complex boasts four 2-bedroom units and one single bedroom unit. All units with new windows and central HVAC units. Ample parking and located on a quite dead-end street across from the popular charter school and directly next to a daycare making it convenient for tenants with children. The property is within walking distance to stores and the city park and less than a block from the local police department. Lake Helen is a Family Friendly “Gem of Florida”, Lake Helen is with its many parks and large lakes for fishing and boating, annual events and small-town atmosphere. Minutes from nearby vibrant downtown Deland with shopping, fine and casual dining and more. Five minutes from I-4 west to Disney World/Universal Studios or east to World Famous Daytona Beach. Each tenant responsible for their own electric via the 5 independent meters. There is one master water meter and water billed quarterly and very inexpensive as units are on septic system. It will need a new roof and all units are with salvinia electrical panel boxes. Seller has obtained quotes for replacement of both and can be provided upon request. Serious inquires only. Please rely on pictures for condition of interior apartments. In respect of tenants, interior inspections/showings may occur during due diligence/inspection period only. This property is being sold AS IS.

Location

State FL

County Volusia

Community Lake Helen Blk 102

Interior

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Laminate

Appliance Refrigerator

Exterior

Utilities Available Electricity Available, Public, Water Connected

Waterfront false

Roof Type Shingle

Building

Story 1

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water None

Structure Type Block

New Construction false

Construction Status Inspections

Others

Ownership Sole Proprietor

Special Listing Condition None

Listed by THE BARNETT GROUP, INC.
Bought with THE BARNETT GROUP, INC.

GET MORE INFORMATION

YourWayHome Team

Team Lead

+1(303) 554-7652

550 S LAKEVIEW DR Lake Helen, FL 32744

Key Details

Location

Interior

Exterior

Building

Others

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550 S LAKEVIEW DR