Views
Address
10586 SW Park AVENUE, ARCADIA, FL
Price
$ 949,900
Property Attributes
- MLS#A4587680
- TypeIncome
- CountyDESOTO
- CityARCADIA
- AreaArcadia
- NeighborhoodLettuce Lake Leisure Living
- Zip34269
- StyleMulti Family
- Year Built2005
- Taxes$ 8597
- Price$ 949,900
- Bedrooms11
- Full Bathrooms11
- Half Bathrooms0
- Sqr Footage5454
- Lot Size5 Acres
Data Source:
Stellar MLS
Property 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!
| Elementary School | Middle School | High School |
|---|---|---|
| Nocatee Elementary School | DeSoto Middle School | DeSoto County High School |
| Price History | |
|---|---|
| 11/2/2023 | Listed $999,900 |
| 2/17/2024 | 6% - $949,900 |
General Features
| Interior Features | Ceiling Fan(s),Primary Bedroom Main Floor,Open Floorplan,Solid Wood Cabinets,Thermostat,Walk-In Closet(s),Window Treatments |
|---|---|
| Sewer | Septic Tank |
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | Electricity Connected,Phone Available,Private,Sewer Connected,Water Connected |
| Roof | Shingle |
| Appliances | Dishwasher,Electric Water Heater,Microwave,Range,Refrigerator |
| Exterior Features | Private Mailbox,Storage |
| Zoning | RMF-M |
| Construction Materials | Vinyl Siding,Wood Frame |
| Pets Allowed | Yes |
| Year Built | 2005 |
| View | Park/Greenbelt,Trees/Woods |
| Levels | One |
| Property SubType | Multi Family |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | DeSoto |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | LETTUCE LAKE LEISURE LIVING |
| Garage Y/N | No |
| Other Structures | Shed(s),Storage |
| Status | Active |
| 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 |
| High School | DeSoto County High School |
| City | ARCADIA |
| Buyer Agent Compensation | 3% |
| Body of Water | Lettuce Lake |
| Senior Community Y/N | No |
| Total Units | 6 |
| MLS Area | 34269 - Arcadia |
| Lot Size Square Feet | 217800 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Park |
| Listing Terms | Cash,Conventional,Other |
| Elementary School | Nocatee Elementary School |
| Property Attached Y/N | No |
| Tax Annual Amount | 8597 |
| Middle/Junior High School | DeSoto Middle School |
| Property Condition | Completed |
| Public Remarks | 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 uniq |
| Ok to Lease | 12 Months |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://cmsphotography.hd.pics/10586-Park-Ave/idx |
| Days on Market | 157 |
| Standard Status | Active |
| Tax Lot | 0000 |
| Legal Description | S1/2 OF NE1/4 OF NE1/4 OF SE1/4 LESS RD ON W SIDE LETTUCE LAKE TRAILER PARK OR 495/17 |
| Water Access Type | River |
| Pet Size Limit | Extra Large (101+ Lbs.) |
| Minimum Lease | No Minimum |
| Additional Rooms | Great Room,Inside Utility,Storage Rooms |
Interior Features
| Flooring | Carpet,Vinyl,Hardwood |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Laundry Features | Inside,Laundry Room |
| Total Bedrooms | 11 |
| LivingAreaSource | Public Records |
| Total Baths | 11 |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | Common,Driveway,Guest,Oversized,Parking Pad |
|---|---|
| Lot Features | Greenbelt,Level,Oversized Lot,Pasture,Street Dead-End,Street One Way,Unincorporated |
| Water Source | Well |
| Lot Size Area | 5 |
| Foundation Details | Crawlspace |
| Number of Buildings | 6 |
| Spa | No |
| Building Area Total | 5454 |
| Lot Dimensions | 627 x 328 |
| Lot Size Acres | 5 |
| Road Surface Type | Paved,Dirt,Gravel |
| Lot Size Units | Acres |
| Road Frontage Type | Street Dead-End,Street One Way,Street Paved |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 34269
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 1, 2024 2:52 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
