Price Reduced 0.04%
Price History
$2,400,000
11/30/2022
$2,399,000
1/5/2024
1956 SE Cherry DRIVE, Arcadia, FL, 34266
0 beds
1985
1,875 sqft
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!
Status:
Active
Type:
Multi-family
Units:
10
Subdivision:
FOREST PINE ESTATES
Heating:
Central
Cooling:
Central Air
Acreage:
1.96
Est. Taxes:
$5,134
Construction
Wood Frame
Utilities
Electricity Available, Electricity Connected, Water Connected
Elementary School:
Memorial Elementary School
Middle School:
DeSoto Middle School
High School:
DeSoto County High School
Days on Market:
385
Appliances:
Microwave, Range, Refrigerator
MLS #:
C7467851
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of SELLSTATE VISION REALTY Phone: 941-336-5400