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1956 SE Cherry Drive,  Arcadia FL, 34266

(Active)
$2,399,000
|
1,875 sqft
|
MLS# C7467851
Last Updated: 5/11/2024 4:54 AM
Description for 1956 SE Cherry Drive Arcadia, FL 34266
5 INCOME DUPLEX with 10 TOTAL UNITS, almost 2 ACRES OF LAND, in the GREAT COMMUNITY of FOREST PINE ESTATES! This profitable rental property is FULLY LEASED. All units have a Range, Refrigerator, and Microwave along with central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the five duplexes were built in 2015. Even more, the two duplexes built in 1985 have newer METAL ROOFS plus the vacant land behind the 2 duplexes is cleared and is perfectly buildable land. Both properties are in excellent condition with city water, but NO CITY TAXES. The property is close to great schools, and near town with the best shopping and entertainment that Arcadia has to offer. A full breakdown of property tax, insurance, and income is attached to the listing! This property currently has a cap rate of almost 8%. This is a PHENOMENAL INVESTMENT OPPORTUNITY! Schedule your showing today!
Price
$2,399,000
FOREST PINE ESTATES
DeSoto
1,875 (approx)
C7467851
Active
Description
5 INCOME DUPLEX with 10 TOTAL UNITS, almost 2 ACRES OF LAND, in the GREAT COMMUNITY of FOREST PINE ESTATES! This profitable rental property is FULLY LEASED. All units have a Range, Refrigerator, and Microwave along with central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the five duplexes were built in 2015. Even more, the two duplexes built in 1985 have newer METAL ROOFS plus the vacant land behind the 2 duplexes is cleared and is perfectly buildable land. Both properties are in excellent condition with city water, but NO CITY TAXES. The property is close to great schools, and near town with the best shopping and entertainment that Arcadia has to offer. A full breakdown of property tax, insurance, and income is attached to the listing! This property currently has a cap rate of almost 8%. This is a PHENOMENAL INVESTMENT OPPORTUNITY! Schedule your showing today!
Listing Information
Property Type: Duplex, Multi-Family, Other
1.96 Acres 1,875 (approx) 1985
38//
FOREST PINE ESTATES
Slab
Public, Well
Septic Tank
Electricity Available, Electricity Connected, Water Connected
Neighborhood
School Information
Memorial Elementary School DeSoto Middle School DeSoto County High School
Room Information
Interior Features
Microwave, Range, Refrigerator
Central Air
Other, Central
Exterior / Lot Features
Metal, Shingle
RMF-M
Lighting
Driving Directions
Turn right onto Hwy 17 N/E Olympia Ave Continue to follow Hwy 17 N 20.3 mi Turn right onto Co Rd 760A 2.8 mi Turn left onto SE Airport Rd 3.2 mi 1956 SE Airport Rd, Arcadia, FL 34266
Financial Considerations
06-38-25-0120-00G0-0030
$5,134
Cash, Conventional
Listing Price History

Arcadia Real Estate

Arcadia is located in Florida. Arcadia, Florida 34266 has a population of 8,270.

The median household income in Arcadia, Florida 34266 is $37,575. 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 34266 is 40 years.

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Courtesy: SELLSTATE VISION REALTY, 941-807-4304


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 5/11/2024 4:54 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.

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