1956 SE CHERRY DRIVE ARCADIA FL 34266 MLS #C7467851

1956 SE CHERRY DRIVE
ARCADIA, FL, 34266
$2,399,000
Beds
0 Baths
1,875 SqFt
1.96 Acres
$2,399,000
1956 SE CHERRY DRIVE
ARCADIA, FL, 34266
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!

Property Details

Price:
$2,399,000
MLS #:
C7467851
Status:
Active
Beds:
0
Baths:
0
Address:
1956 SE CHERRY DRIVE
Type:
Multi Family
Subtype:
Duplex
Subdivision:
FOREST PINE ESTATES
City:
ARCADIA
Listed Date:
Nov 30, 2022
State:
FL
Finished Sq Ft:
1,875
ZIP:
34266
Lot Size:
85,378 sqft / 1.96 acres (approx)
Year Built:
1985
Units:
10

Schools

Elementary School:
Memorial Elementary School
Middle School:
DeSoto Middle School
High School:
DeSoto County High School

Interior

Appliances
Microwave, Range, Refrigerator
Cooling
Central Air
Heating
Central

Exterior

Construction Materials
Wood Frame
Exterior Features
Lighting
Roof
Metal, Shingle

Financial

Buyer Agent Compensation
2%%
Tax Year
2021
Taxes
$5,134
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Map

1956 SE CHERRY DRIVE
ARCADIA, FL