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37-UNIT INDEPENDENT LIVING - SELLER FINANCING 647 S Woodland Blvd 36 Unit Apartment Building $2,700,000 ($75,000/Unit) 10% Cap Rate Deland, FL 32720
INVESTMENT HIGHLIGHTS
- SELLER FINANCING OFFERED TO QUALIFIED PURCHASER
- ROOF REPLACED 2022
- OPERATING INDEPENDENT LIVING
EXECUTIVE SUMMARY
Once operating as an 77-Bed Assisted Living Facility, this property currently operates as 37-Unit Independent Living Facility. The current owner purchased the facility in 2015 as an ALF up until 2018. Upon inspection, AHCA noticed some violations and removed the license. The owner states the ALF license can be reimplemented with the new owner, which will be found during due diligence.
Note: Adjacent property (633-635 S Woodland Blvd) is also available for sale. Property includes .77-Acres, an operating restaurant and three retail buildings.
Property includes:
• 2.15-Acres
• 37-Units/2-Buildings/1-Story/15,533 SF
• Built: 1950
• Newer Roof (2022)
• General Commercial (C-2)
Current Financial Information:
• Occupancy: 81%
• Gross Revenue: $380,000 (Annualized Nov 2025-2026)
• NOI: $270,000 (Annualized Nov 2025-2026)
C-2 Zoning: permits a multitude of business operations to include:
• Nursing Home/Assisted Living
• Hospital/Medical/Pharmacy
• Grocery
• Maximum Height: 80 Feet
• Density: 16 DU/Acre
Seller Financing: Offered to Qualified Purchasers
Note: Adjacent property (633-635 S Woodland Blvd) is also available for sale. Property includes .77-Acres, an operating restaurant and three retail buildings.
Property includes:
• 2.15-Acres
• 37-Units/2-Buildings/1-Story/15,533 SF
• Built: 1950
• Newer Roof (2022)
• General Commercial (C-2)
Current Financial Information:
• Occupancy: 81%
• Gross Revenue: $380,000 (Annualized Nov 2025-2026)
• NOI: $270,000 (Annualized Nov 2025-2026)
C-2 Zoning: permits a multitude of business operations to include:
• Nursing Home/Assisted Living
• Hospital/Medical/Pharmacy
• Grocery
• Maximum Height: 80 Feet
• Density: 16 DU/Acre
Seller Financing: Offered to Qualified Purchasers
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,700,000 | Building Class | C |
| Price Per Unit | $75,000 | Lot Size | 1.95 AC |
| Sale Type | Investment | Building Size | 13,145 SF |
| Cap Rate | 10% | Average Occupancy | 81% |
| No. Units | 36 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-2 Mixed Use | ||
| Price | $2,700,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 13,145 SF |
| Average Occupancy | 81% |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | C-2 Mixed Use |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 7016-45-33-0140 | Improvements Assessment | $253,215 (2026) |
| Land Assessment | $510,000 (2026) | Total Assessment | $763,215 (2026) |
PROPERTY TAXES
Parcel Number
7016-45-33-0140
Land Assessment
$510,000 (2026)
Improvements Assessment
$253,215 (2026)
Total Assessment
$763,215 (2026)
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37-UNIT INDEPENDENT LIVING - SELLER FINANCING | 647 S Woodland Blvd
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