220 N ADELLE AVENUE
Deland, FL 32720

3 Beds 3 Full Bath 1776 sq ft 52 Days on Market

Fully leased triplex with three separate electric meters. Current rents: main house $1,100/mo (lease ends December 2025, market rent ~$1,550), studio $725/mo, 1BR cottage $950/mo (market rent ~$1,118). Gross income $33,300/yr with upside at lease renewal. Water is one meter, landlord paid.

Notable improvements include: new sewer lines to all three units (2015), new separate water services to each building (2015), Main house plumbing replaced with PVC/CPVC (2015), new water supply lines to cottage and studio (2015), roof replaced (2013), studio roof replaced at closing (2024), electrical upgrades to meet 4-point inspection requirements (2024), main house HVAC (2017-2018), R30 blown-in attic insulation (2024), refinished original wood floors (2019), stainless appliances (2024), and studio fully renovated interior paint, tile floors, and new a/c (2024).

Zoned 05R-2 with three separate electric meters. Whether you're expanding a portfolio or looking to live in one unit while the others pay the mortgage, this property delivers.

Listing Courtesy of: ZEMBALA GROUP
407-234-9744

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Per Month
Principal and Interest
Property Taxes 437
HOA Fees 0
Homeowners Insurance 332
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Property Last Updated: October 08, 2026 06:32 PM - ET