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Cook St Apts 1307 Cook St 6 Unit Apartment Building $975,000 ($162,500/Unit) 7.34% Cap Rate Deland, FL 32724
INVESTMENT HIGHLIGHTS
- Great Location, Close to Stetson College
- Opportunity to increase rents
- Off Street Parking
EXECUTIVE SUMMARY
Great Income Generator,Easy to manage,Great Location,Close to the college,5 of the 6 units have had the interiors updated,all units have separate electric meters. Great approx 7% cap rate Plus a few rentals are below market So, good upside
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,960
|
$18.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,960
|
$18.21
|
| Taxes |
$5,637
|
$1.25
|
| Operating Expenses |
$9,234
|
$2.05
|
| Total Expenses |
$14,871
|
$3.30
|
| Net Operating Income |
$67,089
|
$14.91
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $81,960 |
| Annual Per SF | $18.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,960 |
| Annual Per SF | $18.21 |
| Taxes | |
|---|---|
| Annual | $5,637 |
| Annual Per SF | $1.25 |
| Operating Expenses | |
|---|---|
| Annual | $9,234 |
| Annual Per SF | $2.05 |
| Total Expenses | |
|---|---|
| Annual | $14,871 |
| Annual Per SF | $3.30 |
| Net Operating Income | |
|---|---|
| Annual | $67,089 |
| Annual Per SF | $14.91 |
PROPERTY FACTS
| Price | $975,000 | Apartment Style | Garden |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.34% | Building Size | 4,500 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2024 |
| Property Subtype | Apartment | ||
| Zoning | 01R6 - Residential | ||
| Price | $975,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.34% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Zoning | 01R6 - Residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,350 | - |
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PROPERTY TAXES
| Parcel Number | 7004-09-00-0360 | Total Assessment | $312,654 (2025) |
| Land Assessment | $72,000 (2025) | Annual Taxes | $5,637 ($1.25/SF) |
| Improvements Assessment | $240,654 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7004-09-00-0360
Land Assessment
$72,000 (2025)
Improvements Assessment
$240,654 (2025)
Total Assessment
$312,654 (2025)
Annual Taxes
$5,637 ($1.25/SF)
Tax Year
2024
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Cook St Apts | 1307 Cook St
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