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$5,100,000 ($283,333/Unit)

Newly Built Modern 18 Unit Apartment Building Deltona, FL

2912 Cardinal St, Deltona, FL 32738, USA

Property Description

Investment Highlights

  • Located directly next to major retailers including Publix, Lowes and Circle K

  • Close proximity to an Amazon Distribution Center and the Halifax Hospital

  • Property management, Rome Management, is on-site

  • In-unit washer and dryers, stainless steel appliances and granite countertops

Executive Summary

New development in the City of Deltona totaling 18 luxury units with a country lifestyle, but in close proximity to everything you need. All apartments have stainless steel appliances, LTV flooring and granite countertops. The property is located in small-town Deland and sits along the St. Johns River. Downtown DeLand is a unique small town within Central Florida with boutiques and lush landscaping, and is only 35 miles East of Orlando. DeLand is home to the prominent private University, Stetson, which dates back to the 1800s. The property is also near Seminole State, Sanford and Seminole State, Heathrow. The area is rich in culture, with weekly events including common performances in the historic Athens Theater and multiple museums recounting the neighborhood's rich history.

Price Per Unit $283,333

Sale Type Investment

Cap Rate 5.04%

No. Units 18

Property Type Multifamily

Property Subtype Apartment

Apartment Style Low Rise

Building Class B

Lot Size 1.04 AC

Construction Status Under Construction

Building Size 16,488 SF

No. Stories 3

Year Built 2022

Parking Ratio 2.12/1,000 SF

Opportunity Zone No

Unit Amenities

  • Air Conditioning

  • Washer/Dryer

  • Heating

  • Kitchen

  • Granite Countertops

  • Stainless Steel Appliances

  • Tub/Shower

Site Amenities

  • 24 Hour Access

  • Property Manager on Site

  • Wi-Fi

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Estimated Annual Operating Budget
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Property Details

Property Type






Year Built

Property Location

2912 Cardinal St, Deltona, FL 32738, USA

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