10586 SW PARK AVENUE ARCADIA FL 34269 MLS #A4587680

10586 SW PARK AVENUE
ARCADIA, FL, 34269
$949,900
11 Beds
11 Baths
5,454 SqFt
5 Acres
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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!

Property Details

Price:
$949,900
MLS #:
A4587680
Status:
Active
Beds:
11
Baths:
11
Address:
10586 SW PARK AVENUE
Type:
Multi Family
Subdivision:
LETTUCE LAKE LEISURE LIVING
City:
ARCADIA
Listed Date:
Nov 2, 2023
State:
FL
Finished Sq Ft:
5,454
ZIP:
34269
Lot Size:
217,800 sqft / 5.00 acres (approx)
Year Built:
2005
Units:
6
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Schools

Elementary School:
Nocatee Elementary School
Middle School:
DeSoto Middle School
High School:
DeSoto County High School

Interior

Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Cooling
Central Air
Flooring
Carpet, Vinyl, Hardwood
Heating
Central, Electric
Laundry Features
Inside, Laundry Room

Exterior

Construction Materials
Vinyl Siding, Wood Frame
Exterior Features
Private Mailbox, Storage
Other Structures
Shed(s), Storage
Parking Features
Common, Driveway, Guest, Oversized, Parking Pad
Roof
Shingle

Financial

Buyer Agent Compensation
3%%
Tax Year
2022
Taxes
$8,597

Map

Community

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10586 SW PARK AVENUE
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