106 N KENTUCKY AVE, Deland, FL 32724

About This Property

Under contract-accepting backup offers. Welcome to 106 N Kentucky Ave, a rare move-in ready whole duplex opportunity located less than one mile from Stetson University and less than one mile from historic Downtown DeLand. Priced at $375,000, this property offers a total of 5 bedrooms, 3 bathrooms and 2,199 heated square feet across two completely separate living spaces, each with its own private entrance, full kitchen, laundry area and fenced outdoor space. Whether you are a parent looking for housing near Stetson, a savvy owner-occupant who wants to live in one unit and rent the other, or an investor looking for a well-located income-producing property, this duplex delivers exceptional flexibility in one of DeLand’s most desirable and convenient locations. The main 3 bedroom, 2 bathroom unit is currently owner-occupied and offers a spacious single-story layout with updated luxury vinyl plank flooring, fresh interior paint, a full kitchen, inside laundry room and private fenced yard. The second unit is a 2 bedroom, 1 bathroom residence that is currently vacant and move-in ready, featuring fresh paint, wood-look porcelain tile flooring, a full kitchen, its own laundry/storage area and a private fenced yard. Both units are designed as separate living spaces, making the property ideal for multi-generational living, student housing, long-term rental use, or the popular “house hacking” strategy of living in one side while offsetting costs with rental income from the other. Important updates and features include a 2018 roof, two 2023 air conditioning systems, one water heater replaced in 2017, block and brick construction, city water, city sewer and no HOA. The property also offers excellent parking flexibility, including three covered parking spaces for the 3 bedroom, 2 bathroom unit, plus additional driveway parking. The 2 bedroom, 1 bathroom side includes a screened porch/carport-style area that could potentially be converted back to covered parking if desired. The location is a major highlight. Stetson University, historic Downtown DeLand, restaurants, coffee shops, boutiques, local events, parks and everyday conveniences are all nearby, creating a highly attractive setting for both owners and tenants. For buyers connected to Stetson, this property offers a unique opportunity to secure housing close to campus while also creating rental income potential. For investors, the current layout supports realistic projected rents of approximately $1,800 per month for the 3 bedroom, 2 bathroom unit and approximately $1,325 per month for the 2 bedroom, 1 bathroom unit, offering a projected total of approximately $3,125 per month. With two full residential units, separate entrances, separate living areas, private yards, updated interiors, major system updates and a prime location near Stetson University and Downtown DeLand, 106 N Kentucky Ave is a standout opportunity for buyers seeking flexibility, income potential and long-term value. Schedule your private showing today.

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Listed by CREEGAN GROUP · MLS# O6417145