Address
1956 SE Cherry DRIVE, ARCADIA, FL
Price
$ 2,399,000
Property Attributes
- MLS#C7467851
- TypeIncome
- CountyDESOTO
- CityARCADIA
- AreaArcadia
- NeighborhoodForest Pine Estates
- Zip34266
- StyleDuplex
- Year Built1985
- Taxes$ 5134
- Price$ 2,399,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1875
- Lot Size1.96 Acres
Data Source:
Stellar MLS
Property 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!
| Elementary School | Middle School | High School |
|---|---|---|
| Memorial Elementary School | DeSoto Middle School | DeSoto County High School |
| Price History | |
|---|---|
| 10/7/2023 | Listed $2,400,000 |
| 1/5/2024 | 1% - $2,399,000 |
General Features
| Interior Features | Primary Bedroom Main Floor,Thermostat |
|---|---|
| Sewer | Septic Tank |
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Available,Electricity Connected,Water Connected |
| Roof | Metal,Shingle |
| Appliances | Microwave,Range,Refrigerator |
| Exterior Features | Lighting |
| Zoning | RMF-M |
| Construction Materials | Wood Frame |
| Year Built | 1985 |
| Property SubType | Duplex |
| Tax Year | 2021 |
| Percent Ownership | Fee Simple |
| County | DeSoto |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | FOREST PINE ESTATES |
| Garage Y/N | No |
| Status | Active |
| 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 |
| High School | DeSoto County High School |
| City | ARCADIA |
| Buyer Agent Compensation | 2% |
| Senior Community Y/N | No |
| Total Units | 10 |
| MLS Area | 34266 - Arcadia |
| Lot Size Square Feet | 85377 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Cherry |
| Listing Terms | Cash,Conventional |
| Elementary School | Memorial Elementary School |
| Tax Annual Amount | 5134 |
| Middle/Junior High School | DeSoto Middle School |
| Public Remarks | 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 Micr |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/C7467851 |
| Days on Market | 399 |
| Standard Status | Active |
| Tax Lot | 3 |
| Legal Description | FOREST PINE ESTATES LOT 3 BLK G INST:201114016010 INST:201414004626 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | DRIVE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public,Well |
|---|---|
| Lot Size Area | 1.96 |
| Foundation Details | Slab |
| Number of Buildings | 5 |
| Lot Size Acres | 1.96 |
| Road Surface Type | Asphalt |
| Lot Size Units | Acres |
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 34266
Price
Taxes
Visits
Year Built
Walkscore
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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 April 27, 2024 8:19 PM 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.
