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10586 SW PARK AVENUE

Multi-family For Sale
$949,900

BTC: 15.44527731

ETH: 327.66923310

-$50K (2024/02/16)
192 days
11 bds
5,454 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Facts and features

Type:
Residential Income
Parking:
Common / Driveway / Guest / Oversized / Parking Pad
Year Built:
2005
Lot:
5.00 Acres
Heating:
Central / Electric
Price/sqft:
$174
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Vinyl

    • Hardwood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Primary Bedroom Main Floor

    • Open Floorplan

    • Solid Wood Cabinets

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 11

  • Parking

    • Common

    • Driveway

    • Guest

    • Oversized

    • Parking Pad

    Property

    • Levels: One

    • Exterior Features: Private Mailbox / Storage

    Lot

    • Lot: 5.00 Acres

    Other Property Information

    • Parcel Number: 233923000000500000

    • Zoning: RMF-M

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Phone Available

    • Private

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,597

  • Source details

    • MLS ID: A4587680

    Other facts

    • Construction Materials: Vinyl Siding / Wood Frame

    • Foundation Details: Crawlspace

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Greenbelt / Level / Oversized Lot / Pasture / Street Dead-End / Street One Way / Unincorporated

    • Other Structures: Shed(s) / Storage

    • Water Body Name: Lettuce Lake

    • Living Area: 5454

    • Water Source: Well

    • Lot Size Dimensions: 627 x 328

    • Subdivision Name: LETTUCE LAKE LEISURE LIVING

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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: KELLER WILLIAMS ON THE WATER