1956 SE Cherry Drive, Arcadia, Florida 34266

  • $2,399,000
  • $2,400,000

Description

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!

Details

  • Property ID C7467851
  • Price $2,399,000
  • Land Area 1.96 Acres
  • Year Built 1985
  • Property Type Duplex, Residential Income
  • Property Status Expired

Additional details

  • Listing Terms Cash, Conventional
  • Roof Metal, Shingle
  • Utilities Electricity Available, Electricity Connected, Water Connected
  • Sewer Septic Tank
  • Cooling Central Air
  • Heating Central
  • County De Soto
  • Property Type Residential Income
  • Elementary School Memorial Elementary School
  • Middle School DeSoto Middle School
  • High School DeSoto County High School
  • Address: 1956 SE CHERRY DRIVE
  • City: Arcadia
  • State/county: FL
  • Zip/Postal Code: 34266
  • Country: US

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