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Cook St Apts 1307 Cook St 6 Unit Apartment Building $960,000 ($160,000/Unit) 7.23% 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 - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$89,400
|
$19.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,400
|
$19.87
|
| Taxes |
$5,675
|
$1.26
|
| Operating Expenses |
$14,320
|
$3.18
|
| Total Expenses |
$19,995
|
$4.44
|
| Net Operating Income |
$69,405
|
$15.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $89,400 |
| Annual Per SF | $19.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $89,400 |
| Annual Per SF | $19.87 |
| Taxes | |
|---|---|
| Annual | $5,675 |
| Annual Per SF | $1.26 |
| Operating Expenses | |
|---|---|
| Annual | $14,320 |
| Annual Per SF | $3.18 |
| Total Expenses | |
|---|---|
| Annual | $19,995 |
| Annual Per SF | $4.44 |
| Net Operating Income | |
|---|---|
| Annual | $69,405 |
| Annual Per SF | $15.42 |
Property Facts
| Price | $960,000 | Apartment Style | Low-Rise |
| Price Per Unit | $160,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.23% | Building Size | 4,500 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | 01R6 - Residential | ||
| Price | $960,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | 01R6 - Residential |
Amenities
Unit Amenities
- Dishwasher
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,350 | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 7004-09-00-0360 | Total Assessment | $314,979 (2026) |
| Land Assessment | $72,000 (2026) | Annual Taxes | $5,675 ($1.26/SF) |
| Improvements Assessment | $242,979 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7004-09-00-0360
Land Assessment
$72,000 (2026)
Improvements Assessment
$242,979 (2026)
Total Assessment
$314,979 (2026)
Annual Taxes
$5,675 ($1.26/SF)
Tax Year
2025
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Cook St Apts | 1307 Cook St