Address1956 Se Cherry Drive, ARCADIA, FL, 34266
Price$2,399,000
- Income
- 1,875 SQ FT
- 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!
Essential Information
- MLS® #C7467851
- Price$2,399,000
- Bathrooms0.00
- Square Footage1,875
- Acres1.96
- Price/SqFt$1,279 USD
- Year Built1985
- TypeIncome
- Sub-TypeDuplex
- StatusActive
Community Information
- Address1956 Se Cherry Drive
- AreaArcadia
- SubdivisionFOREST PINE ESTATES
- CityARCADIA
- CountyDeSoto
- StateFL
- Zip Code34266
Interior
- HeatingCentral
- CoolingCentral Air
Exterior
- Exterior FeaturesLighting
- RoofMetal, Shingle
- FoundationSlab
School Information
- ElementaryMemorial Elementary School
- MiddleDeSoto Middle School
- HighDeSoto County High School
Additional Information
- Date ListedNovember 30th, 2022
- Days on Market510
- ZoningRMF-M
Listing Details
- OfficeSELLSTATE VISION REALTY
Interior Features
Primary Bedroom Main Floor, Thermostat
Appliances
Microwave, Range, Refrigerator
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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