737 E INDIANA AVENUE, Deland, FL 32724

• 3 beds |
• 1 bath |
• 1,008 sqft

Property Description

INVESTOR DEAL THE OPPORTUNITY Value-add investment opportunity in DeLand with the potential to create significant equity through completion and renovation. The property includes: Main residence requiring completion * Separate building with potential for 2 apartments * Plans and permits already submitted/filed with the County * Potential for multiple rental income streams * Convenient location near Downtown DeLand, hospitals and universities * Seller willing to cooperate 100% with the buyer throughout the transaction and provide available information regarding plans, permits and the progress figure is before closing costs, financing costs, holding costs, taxes, insurance, commissions, permits, change orders, and other project expenses. WHY THIS PROPERTY? The combination of a main residence plus a separate building with potential for two apartments creates an opportunity for an investor to pursue both equity appreciation and future rental income. The existing plans and permit activity can potentially save time during the development process, subject to County approval and verification. LOCATION Convenient DeLand location near:• Downtown DeLand • Hospitals • Universities • Shopping & restaurants • Major transportation routes IMPORTANT .ARV, repair costs and potential income are estimates and are not guaranteed. Buyer and buyer’s agent should independently verify all permits, plans, zoning, unit configuration, construction costs, rental requirements, measurements and projected values with the County and qualified professionals. Serious investors — bring your contractor, review the numbers, and evaluate the opportunity.

Listing Status:

Active

Date Added:

September 22, 2026

Data Last Updated:

September 28, 2026 at 1:21PM

Listing Office:

INVESTOR'S REAL ESTATE LLC : 407-688-4355

Listing Agent:

Luz Heredia : 386-837-3396

Contact:

407-688-4355

MLS ID:

O6443821

Interior

• General: Other
• Appliances: Other
• Laundry: Other
• Flooring: Other
• A/C: Central Air
• Heating: Central

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: Wood SidingOnePillar/Post/Pier

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Volusia

Lot

• Zoning: C-2A&HLOTS 44 & 45 PHIPPENS SUB BLKS 135 & 136 DELAND PER OR 4541 PG 2019 PER OR 8499 PG 29537010-19-00-0440

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple