Active
1956 SE CHERRY DR
ARCADIA FL, 34266
$2,399,000
$1,279.47 per sqft
Active
1,875 sqft
Multi-family
Built in 1985
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!
C7467851
MLSⓇ ID
November 30, 2022
Listed
March 22, 2024
Updated
Map
1956 SE CHERRY DR
ARCADIA FL, 34266
Interior Features
Interior Features
Primary Bedroom Main Floor, Thermostat
Appliances
Microwave, Range, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.96 Acres
Exterior Features
Lighting
Roof
Metal, Shingle
Sewer
Septic Tank
School Information
High School
DeSoto County High School
Elementary School
Memorial Elementary School
Other Property Details
Area Name
34266 - Arcadia
Taxes
$5,134
Tax Frequency
Annually
Days on Market
385
Garage
No
View
No
County
DeSoto
Municipality
38
Water Source
Public, Well
Pool
No
Zoning
RMF-M
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
1/5/2024 | Price Change | $2,399,000 -1% |
Listed by SELLSTATE VISION REALTY
Listing Contact: 941-807-4304
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Data last updated 3/22/2024, 8:20 AM UTC
