Listing Details for MLS # O6269152
127 W Palmetto Avenue, Deland, Fl 32720

Residential Property - Single Family Residence in Deland

Listing Price: $365,000Days on Market: 73

Description of Property

Perfect House Hack Opportunity – Live in One, Rent the Other! Welcome to 127 W Palmetto Ave, Deltona – a rare find offering a primary home + fully equipped ADU, perfect for savvy homeowners or investors looking for cash flow. Situated on a spacious lot in a quiet, established neighborhood, this unique property blends comfort, flexibility, and income potential. Seize this high opportunity featuring two fully functional living spaces: a 3-bed, 1.5-bath main home and a 1-bed, 1-bath guest house. This income-generating property is perfectly positioned in DeLand’s sought-after Hillcrest neighborhood, just minutes from Stetson University and historic downtown, ensuring strong tenant demand. Key Investment Highlights: Dual-Income or live in one home and rent the other! Main house tenants are leaving at the end of April 2025, ADU tenant’s lease ends in February 2026 Recent Upgrades – Main home water heater (2023), roof (2022), and updated electrical panel, plus a large bonus room for added versatility. The guest house was fully renovated in 2021, with further updates in Dec. 2024, including a brand-new shaker kitchen, stainless steel appliances, a washer & dryer, fresh paint, and a new AC unit. Low-Maintenance & Move-In Ready – Both homes now feature NEWER metal roofs, separate electric meters, and a spacious lot with ample parking. Flexible Use Options – Ideal for pure investment, house hacking (live in one unit while renting the other), or multi-generational living. Prime Location: • Nestled in Hillcrest, a highly desirable area in DeLand. • 1.6 miles from Stetson University • Close to boutiques, cafés, and cultural events in historic downtown. This potential cash-flowing, low-maintenance property is an excellent addition to any investor’s portfolio or a smart choice for a primary homeowner looking to offset costs with rental income. Don’t miss out on this rare opportunity—schedule your private tour today!The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $420,120. This single family residence is listed at about 87% of the average asking price. There are 35 4 bedroom/2 bath homes between $300,000 and $500,000 currently listed for sale in this Zip code. See other listings like this one »