Address10586 Sw Park Avenue, ARCADIA, FL, 34269

Price$949,900

  • 11 Beds
  • 11 Baths
  • Income
  • 5,454 SQ FT
  • Built in 2005

DESOTO COUNTY DREAM! Introducing an exclusive investment opportunity in the developing town of Arcadia, nestled at the end of a tranquil dead-end street, sprawled across five expansive acres. This unique income-generating property boasts five well-maintained manufactured homes that are fully occupied by long-term reliable tenants, generating a respectable monthly income ranging from $1,100 to $1,200 per unit, with the potential rent of up to $1,400 per month. Moreover, a sixth manufactured home located at the Northeast corner of the property is tenant-owned generating $400 in monthly lot rents, thus ensuring a stable and diversified revenue stream for the discerning investor. Notably, the property's distinct appeal is further enhanced by its cost-effective individual septic systems and central well system, eliminating excessive monthly utility costs, and reinforcing its financial attractiveness. Each of the five homes is complemented by a convenient storage shed, ensuring tenant satisfaction and ease of living, fostering long-term occupancy, and tenant loyalty. This property's potential is truly unparalleled, underpinned by its unique Residential Multi-Family Mixed District zoning, permitting a maximum density of 6 units per acre. This presents an exceptional opportunity for expansion, offering the possibility of additional manufactured homes for those with a strategic vision for increased rental income and substantial long-term capital appreciation. With a location second to none, one is minutes away from a vibrant array of shopping centers, fine dining establishments, and immediate access to the I-75, this property epitomizes convenience and accessibility, catering to the modern lifestyle needs of its tenants without the cost associated with similar urban asset classes. Such a rare and promising asset, coupled with the town's burgeoning development, underscores the need for prompt action. Seize this extraordinary chance to fortify your investment portfolio and secure a prosperous future in the heart of Arcadia's healthy real estate landscape. CALL TODAY BEFORE THIS OPPORTUNITY SLIPS THROUGH YOUR GRASP!

Essential Information

  • MLS® #A4587680
  • Price$949,900
  • Bedrooms11
  • Bathrooms11.00
  • Square Footage5,454
  • Acres5.00
  • Price/SqFt$174 USD
  • Year Built2005
  • TypeIncome
  • Sub-TypeMulti-Family
  • StatusActive

Community Information

  • Address10586 Sw Park Avenue
  • AreaArcadia
  • CityARCADIA
  • CountyDeSoto
  • StateFL
  • Zip Code34269

Subdivision

LETTUCE LAKE LEISURE LIVING

Parking

Common, Driveway, Guest, Oversized, Parking Pad

View

Park/Greenbelt, Trees/Woods

Interior Features

Ceiling Fans(s), Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments

Appliances

Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator

Lot Description

Greenbelt, Level, Oversized Lot, Pasture, Street Dead-End, Street One Way, Paved, Unincorporated

Office

KELLER WILLIAMS ON THE WATER

Amenities

Interior

  • HeatingCentral, Electric
  • CoolingCentral Air

Exterior

  • Exterior FeaturesPrivate Mailbox, Storage
  • RoofShingle
  • FoundationCrawlspace

School Information

  • ElementaryNocatee Elementary School
  • MiddleDeSoto Middle School
  • HighDeSoto County High School

Additional Information

  • Date ListedNovember 2nd, 2023
  • Days on Market196
  • ZoningRMF-M

Listing Details

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