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 Details
Price:
$2,399,000
MLS #:
C7467851
Status:
Active
Beds:
0
Baths:
0
Address:
1956 SE CHERRY DRIVE
Type:
Multi Family
Subtype:
Duplex
Subdivision:
FOREST PINE ESTATES
Neighborhood:
34266 – Arcadia
City:
ARCADIA
Listed Date:
Nov 30, 2022
State:
FL
Finished Sq Ft:
1,875
ZIP:
34266
Lot Size:
85,377 sqft / 1.96 acres (approx)
Year Built:
1985
Units:
10
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Schools
Elementary School:
Memorial Elementary School
Middle School:
DeSoto Middle School
High School:
DeSoto County High School
Interior
Appliances
Microwave, Range, Refrigerator
Cooling
Central Air
Heating
Central
Exterior
Construction Materials
Wood Frame
Exterior Features
Lighting
Roof
Metal, Shingle
Financial
Tax Year
2021
Taxes
$5,134
Map
Community
- Address1956 SE CHERRY DRIVE ARCADIA FL
- CityARCADIA
- CountyDeSoto
- Zip Code34266
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Courtesy of SELLSTATE VISION REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 1956 SE CHERRY DRIVE
ARCADIA, FL
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