3165 Brandywine Rd | Deland, FL 32720
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- LoopNet Team
3165 Brandywine Rd
Deland, FL 32720
Park at Brandywine · Multifamily Property For Sale · 168 Units
Investment Highlights
- Attractive 168-Unit Class “B” Community in DeLand, FL, a Growing Market Outside of the Orlando MSA
- Over $2.2 Million in Property-Wide Capital Improvements in the Last Five Years
- The DeLand Submarket Is Continuing to Experience Significant Rental Growth; Limited Competition in Immediate Submarket
- Strong Property Performance Over the Last Year; Majority Two-Bedroom Floor Plans
- Significant Value-Add Opportunity to Renovate 100% of Units, Capture a Current 10% Loss-to-Lease and Increase Effective Rents by $342
- Additional Ancillary Income Potential; Desirable Amenity Package with Ability to Enhance
PROPERTY FACTS
| No. Units | 168 | Building Size | 138,600 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2009 |
| Building Class | C | Parking Ratio | 3.64/1,000 SF |
| Lot Size | 14.08 AC |
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.08 AC |
| Building Size | 138,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2009 |
| Parking Ratio | 3.64/1,000 SF |
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Range
- Walk-In Closets
Site Amenities
- Business Center
- Laundry Facilities
- Playground
- Basketball Court
- Car Wash Area
- Grill
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | 700 |
| 2+1 | 42 | - | 800 |
| 2+2 | 84 | - | 900 |
PROPERTY TAXES
| Parcel Number | 6029-00-00-0061 | Improvements Assessment | $14,900,923 |
| Land Assessment | $2,520,000 | Total Assessment | $17,420,923 |
PROPERTY TAXES
Parcel Number
6029-00-00-0061
Land Assessment
$2,520,000
Improvements Assessment
$14,900,923
Total Assessment
$17,420,923
zoning
| Zoning Code | PUDC |
| PUDC |
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