Finding the perfect investment property often feels like hunting for a unicorn. You want something that offers immediate cash flow but isn’t a total fixer-upper. You want a great location, but you also want land. Well, put down the binoculars because we’ve found it right here in Debary.
Welcome to 54-56 Bougainvillea Dr, Debary, FL 32713. This income-producing duplex in the sought-after Lake Marie Estates isn’t just a house; it’s a financial strategy with a front door. Whether you are a seasoned investor looking to expand your portfolio or a savvy homebuyer who wants their mortgage subsidized by a neighbor, this property checks every single box.
Let’s walk through why this oversized lot in Debary is the opportunity you’ve been waiting for.
The “House Hacking” Dream Come True
We talk a lot about “house hacking”—living in one unit and renting out the other to cover your costs. It’s one of the smartest ways to build wealth in real estate, and this property is set up perfectly for it.
The layout is ideal. You have two distinct units, each featuring:
- 2 spacious bedrooms
- 2 full bathrooms
- A private 1-car garage
- A cozy enclosed porch
This isn’t a cramped conversion; these are full-sized living spaces designed for long-term comfort.
Unit 1: Move-In Ready Updates
One side of this duplex has been fully renovated. We’re talking fresh, modern finishes and brand-new appliances. You can move right in without lifting a finger. No weekends spent tearing up carpet or arguing with contractors. It’s turnkey and waiting for your furniture.
Unit 2: Instant Cash Flow
The other side? It’s already working for you. This unit is currently occupied by a tenant with over five years of rental history. In the landlord world, a long-term, stable tenant is gold. You don’t have to worry about vacancies or vetting new renters immediately. You buy the house, and the income starts flowing from day one. It provides immediate stability while you settle into the other side—or rent out the renovated unit for top dollar if you’re a pure investor.
Land, Privacy, and Potential
Let’s be honest: a lot of duplexes are squeezed onto tiny lots where you can practically shake hands with the neighbors through the window. That is not the case at 54-56 Bougainvillea Dr.
This property sits on an oversized lot that feels more like a private retreat than a multi-family complex. The expansive backyard extends all the way to the road, offering a massive green space that is becoming increasingly rare in Central Florida.
Screened In Back Porch
The screened-in back porch is the perfect spot to enjoy Florida’s beautiful weather without worrying about pesky mosquitoes or unpredictable rain showers. Plus, with direct access to the yard, it seamlessly blends indoor and outdoor living.
Shaded Serenity
The yard is shaded by mature, oversized trees. These aren’t saplings that will provide shade in 20 years; these are established giants that keep the Florida heat at bay and offer incredible privacy. Imagine sipping your morning coffee on your enclosed porch, looking out at a canopy of green rather than a fence or a stucco wall.
Future Opportunities
For the visionary investor, this extra land represents potential. Whether you want to add outdoor amenities like a fire pit and gazebo to increase rental value, or simply hold onto the land as an asset, having this much space in Lake Marie Estates is a massive bonus.
Location, Location, Convenience
Lake Marie Estates is a wonderful community, but the real perk is walkability. This property is within walking distance to nearby stores and restaurants. Your tenants (or you!) can easily grab dinner or pick up essentials without a commute. This kind of convenience is a huge selling point for renters and adds significant value to the property’s long-term appreciation.
DeBary itself is a gem. It’s positioned perfectly for commuting to Orlando or the beaches, yet it retains a quieter, community-focused area.
Why This Deal Makes Sense Right Now
Real estate is about numbers, but it’s also about opportunity cost. Passing on a property with this specific mix of features is tough. Here is the recap of why this is a winner:
- Risk Mitigation: With one stable tenant already in place, your risk is significantly lower than buying a vacant property.
- Upside Potential: The area is desirable, and the renovated unit allows you to set the market rate for rent immediately.
- Versatility: It works for pure investors seeking cash flow and owner-occupants seeking mortgage relief.
- Scarcity: Oversized lots with mature trees are hard to find. Duplexes in this condition are even harder to find.
Ready to See It?
Properties like 54-56 Bougainvillea Dr don’t stay on the market long. The combination of renovation quality, existing rental history, and land size creates a value proposition that is hard to ignore.
If you’re ready to start earning income from your real estate or want to live in a beautiful home for a fraction of the usual cost, we need to talk.
Contact me today to schedule a private showing. Let’s get you the keys to your financial future.
