318 S Clake Street, Deland, FL 32720

$460,000
4
BD
4
BA
2,221
SqFt

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Listing courtesy of CENTURY 21 SUNDANCE REALTY. 386-756-6800

Selling Office: REAL ESTATE PROFESSIONALS SE.

Sold Price
$460,000
List Price
$465,000
Status
SOLD
Days on Market
22
Closing Date
May 29, 2026
MLS#
V4947850
Subtype
Residential Income
Style
Split Level
Year Built
1941
Bedrooms
4
Bathrooms
4
Living Area
2,221
Lot Size
15,000
Acres
0.34
Subdivision
Clakes Blk 14 Howrys Add Deland
MLS Area Major
Deland

Property 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 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.

Additional Information

Interior Features
Attic Ventilator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Window Treatments
Exterior Features
Private Yard, RV Hookup
Financing
Cash, Conventional
Community Features
Street Lights, No Deed Restriction
Property Description
Split Level
Zoning
1210-MIXED
Heating
Central
Air Conditioning
Central Air, Mini-Split Unit(s)
Exterior Construction
Block, Cedar, Frame
Exterior Features
Private Yard, RV Hookup
Levels
Multi/Split
Roof
Metal, Shingle
Foundation
Crawlspace, Pillar/Post/Pier, Slab
Elementary School
Blue Lake Elem
Middle School
Deland Middle
High School
Deland High

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