r1_topleft r1_topmid r1_topright
r2_left
r3_left r3_mid r3_right
fill
fill

r4_mid

10586 SW Park Avenue,  Arcadia FL, 34269

(Active)
$949,900
|
11 beds, 11 baths, 5,454 sqft
|
MLS# A4587680
Last Updated: 5/13/2024 10:00 AM
Description for 10586 SW Park Avenue Arcadia, FL 34269
DESOTO COUNTY DREAM! Introducing an exclusive investment opportunity in the developing town of Arcadia, nestled at the end of a tranquil dead-end street, sprawled across five expansive acres. This unique income-generating property boasts five well-maintained manufactured homes that are fully occupied by long-term reliable tenants, generating a respectable monthly income ranging from $1,100 to $1,200 per unit, with the potential rent of up to $1,400 per month. Moreover, a sixth manufactured home located at the Northeast corner of the property is tenant-owned generating $400 in monthly lot rents, thus ensuring a stable and diversified revenue stream for the discerning investor. Notably, the property's distinct appeal is further enhanced by its cost-effective individual septic systems and central well system, eliminating excessive monthly utility costs, and reinforcing its financial attractiveness. Each of the five homes is complemented by a convenient storage shed, ensuring tenant satisfaction and ease of living, fostering long-term occupancy, and tenant loyalty. This property's potential is truly unparalleled, underpinned by its unique Residential Multi-Family Mixed District zoning, permitting a maximum density of 6 units per acre. This presents an exceptional opportunity for expansion, offering the possibility of additional manufactured homes for those with a strategic vision for increased rental income and substantial long-term capital appreciation. With a location second to none, one is minutes away from a vibrant array of shopping centers, fine dining establishments, and immediate access to the I-75, this property epitomizes convenience and accessibility, catering to the modern lifestyle needs of its tenants without the cost associated with similar urban asset classes. Such a rare and promising asset, coupled with the town's burgeoning development, underscores the need for prompt action. Seize this extraordinary chance to fortify your investment portfolio and secure a prosperous future in the heart of Arcadia's healthy real estate landscape. CALL TODAY BEFORE THIS OPPORTUNITY SLIPS THROUGH YOUR GRASP!
Price
$949,900
LETTUCE LAKE LEISURE LIVING
DeSoto
11
11
5,454 (approx)
A4587680
Active
Description
DESOTO COUNTY DREAM! Introducing an exclusive investment opportunity in the developing town of Arcadia, nestled at the end of a tranquil dead-end street, sprawled across five expansive acres. This unique income-generating property boasts five well-maintained manufactured homes that are fully occupied by long-term reliable tenants, generating a respectable monthly income ranging from $1,100 to $1,200 per unit, with the potential rent of up to $1,400 per month. Moreover, a sixth manufactured home located at the Northeast corner of the property is tenant-owned generating $400 in monthly lot rents, thus ensuring a stable and diversified revenue stream for the discerning investor. Notably, the property's distinct appeal is further enhanced by its cost-effective individual septic systems and central well system, eliminating excessive monthly utility costs, and reinforcing its financial attractiveness. Each of the five homes is complemented by a convenient storage shed, ensuring tenant satisfaction and ease of living, fostering long-term occupancy, and tenant loyalty. This property's potential is truly unparalleled, underpinned by its unique Residential Multi-Family Mixed District zoning, permitting a maximum density of 6 units per acre. This presents an exceptional opportunity for expansion, offering the possibility of additional manufactured homes for those with a strategic vision for increased rental income and substantial long-term capital appreciation. With a location second to none, one is minutes away from a vibrant array of shopping centers, fine dining establishments, and immediate access to the I-75, this property epitomizes convenience and accessibility, catering to the modern lifestyle needs of its tenants without the cost associated with similar urban asset classes. Such a rare and promising asset, coupled with the town's burgeoning development, underscores the need for prompt action. Seize this extraordinary chance to fortify your investment portfolio and secure a prosperous future in the heart of Arcadia's healthy real estate landscape. CALL TODAY BEFORE THIS OPPORTUNITY SLIPS THROUGH YOUR GRASP!
Listing Information
Property Type: Multi-Family, 1 Story
11 11
5 Acres 5,454 (approx) 2005
1 Vinyl siding
39//
LETTUCE LAKE LEISURE LIVING
Well
Septic Tank
Electricity Connected, Phone Available, Sewer Connected, Water Connected
Neighborhood
School Information
Nocatee Elementary School DeSoto Middle School DeSoto County High School
Room Information
Inside, Laundry Room
Interior Features
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Vinyl, Carpet, Wood
Central Air
Electric Heating, Central
Crawl Space
Open Floorplan, Walk-In Closet(s)
Exterior / Lot Features
Common, Driveway, Guest, Oversized, Parking Pad
Vinyl
Shingle
Trees/Woods, Greenbelt
627x328
RMF-M
Storage, Greenbelt, Level, Pasture, Paved
Driving Directions
Heading South on I75 take exit 170 heading east on Kings HWY, turn right onto 761, right onto Kissimmee RD and follow around to your next left turn onto Park AVE. Property is on the right at the end of the road. (NO SIGN @ PROPERTY)
Financial Considerations
23-39-23-0000-0050-0000
$8,597
Cash, Conventional
Listing Price History

Arcadia Real Estate

Arcadia is located in Florida. Arcadia, Florida 34269 has a population of 8,270.

The median household income in Arcadia, Florida 34269 is $42,924. The median household income for the surrounding county is $38,458 compared to the national median of $66,222. The median age of people living in Arcadia 34269 is 40 years.

Loading nearby sales and history ...
Courtesy: KELLER WILLIAMS ON THE WATER, 941-729-7400


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/13/2024 10:00 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation

fill



©2001-2005 Community Website, 27081 Aliso Creek Road, Suite 200, Aliso Viejo, CA 92656. All rights reserved.

Email:rdesksupport@realestatedigital.com
fill