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1956 SE Cherry Drive

Arcadia, FL 34266
  • $2,399,000
  • STATUS: Active
  • ON SITE: 540 Days
  • MLS #: C7467851
UPDATED: 136 min ago
$2,399,000
  • 0
    BEDS
  • 1.96
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,875
    SQFT
  • $1,279
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Elementary School:
Middle School:

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!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2024-05-24T09:48:26.347.
www.theduncanduo.com/homes/135109968
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1956 SE Cherry Drive Arcadia, FL 34266

  • Price: $2,399,000
  • Status: Active
  • On Site: 540 Days
  • Updated: 136 min ago
  • MLS #: C7467851
0
Beds
0
Baths
0
½ Baths
1.96
Acres
1,875
SQFT
$1,279
$/SQFT
1985
Built
Neighborhood:
Forest Pine Estates
County:
Desoto
Area:
Arcadia
Elementary School:
Memorial Elementary School
Middle School:
Desoto Middle School
High School:
Desoto County High School
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!
Exterior Features

Carport Yn No Construction Materials Wood Frame Exterior Features Lighting Foundation Details Slab Pool Private Yn No Road Surface Type Asphalt Roof MetalShingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances MicrowaveRangeRefrigerator Cooling Central Air Cooling YN Yes Fireplace Yn No Heating Central Heating YN Yes Interior Features Primary Bedroom Main FloorThermostat Sewer Septic Tank Water Source PublicWell

Property Features

Annual Net Income 187200 Association Yn No Cdd Yn No Down Payment Resource No Flood Zone Code X Garage Yn No Homestead Yn No Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Property Sub Type Duplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 5134 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity AvailableElectricity ConnectedWater Connected Zoning RMF-M


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of SELLSTATE VISION REALTY: 941-336-5400.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2024-05-24T09:48:26.347.
 
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