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!
- Property TypeMulti-Family
- NeighborhoodForest Pine Estates
- CountyDesoto
- Taxes$5,134
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive
- MLS ID NumberC7467851
- Home Size Source Public Records
- Year Built1985
- Lot Size1.96 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer Septic Tank
- Acreage 1.96
- Water PublicWell
- Property Sub Type Duplex
- Utilities Electricity AvailableElectricity ConnectedWater Connected
- Foundation Slab
- Zoning RMF-M
- Ownership Fee Simple
- Parcel Number 06-38-25-0120-00G0-0030
Interior Features
- Cooling Central Air
- Heating Central
- Appliances MicrowaveRangeRefrigerator
- Interior Primary Bedroom Main FloorThermostat
- Fireplace No
Exterior Features
- Roof MetalShingle
- Waterfront Property No
- Exterior Lighting
Community Features
- Township 38
- Senior Community No
- MLS Area 34266 - Arcadia