Address
1956 SE Cherry DRIVE, ARCADIA, FL
Price
$ 2,399,000
Property Attributes
  • MLS#C7467851
  • TypeIncome
  • CountyDESOTO
  • CityARCADIA
  • AreaArcadia
  • NeighborhoodForest Pine Estates
  • Zip34266
  • StyleDuplex
  • Year Built1985
  • Taxes$ 5134
  • Price$ 2,399,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1875
  • Lot Size1.96 Acres
Data Source:
Stellar MLS
Property 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!

Elementary School Middle School High School
Memorial Elementary School DeSoto Middle School DeSoto County High School
Price History
10/7/2023 Listed $2,400,000
1/5/2024 1% - $2,399,000

General Features

Interior Features Primary Bedroom Main Floor,Thermostat
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Available,Electricity Connected,Water Connected
Possession Close of Escrow
Roof Metal,Shingle
Appliances Microwave,Range,Refrigerator
Exterior Features Lighting
Zoning RMF-M
Construction Materials Wood Frame
Year Built 1985
Tenant Pays Electricity,Water
Property SubType Duplex
Tax Year 2021
Percent Ownership Fee Simple
Additional Parcels Description 06-38-25-0120-00G0-0010
County DeSoto
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name FOREST PINE ESTATES
Garage Y/N No
Status Active
Directions Turn right onto Hwy 17 N/E Olympia Ave Continue to follow Hwy 17 N 20.3 mi Turn right onto Co Rd 760A 2.8 mi Turn left onto SE Airport Rd 3.2 mi 1956 SE Airport Rd,Arcadia,FL 34266
ModificationTimestamp 2024-01-05T16:17:47.683Z
High School DeSoto County High School
City ARCADIA
Buyer Agent Compensation 2%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 10
MLS Area 34266 - Arcadia
Lot Size Units Acres
Lot Size Square Feet 85377
Waterfront Y/N No
Carport Y/N No
Elementary School Memorial Elementary School
Land Lease Y/N No
Tax Annual Amount 5134
Middle/Junior High School DeSoto Middle School
Additional Parcels Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7467851
Days on Market 399
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Legal Description FOREST PINE ESTATES LOT 3 BLK G INST:201114016010 INST:201414004626
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
LivingAreaSource Public Records

Exterior Features

Water Source Public,Well
Lot Size Area 1.96
Foundation Details Slab
Number of Buildings 5
Lot Size Acres 1.96
Road Surface Type Asphalt
Number of Lots 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34266

Price
AVG $1.41M
$2.4M
Taxes
AVG $5,199
$5,134
Visits
AVG 861
1693
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1985
Walkscore
AVG 30
14
Data Provided by Walkscore® not using MLS data