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1956 SE CHERRY DRIVE

Multi-family For Sale
$2,399,000

BTC: 36.29555932

ETH: 889.42771129

-$1K (2024/01/05)
666 days
0 room(s)
1,875 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Florida • ARCADIA • 34266 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1985
Lot:
1.96 Acres
Heating:
Central
Price/sqft:
$1,279
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Primary Bedroom Main Floor

    • Thermostat

  • Property

    • Exterior Features: Lighting

    Lot

    • Lot: 1.96 Acres

    Other Property Information

    • Parcel Number: 063825012000G00030

    • Zoning: RMF-M

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Available

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,134

  • Source details

    • MLS ID: C7467851

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Slab

    • Living Area: 1875

    • Water Source: Public / Well

    • Subdivision Name: FOREST PINE ESTATES

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SELLSTATE VISION REALTY