1956 SE Cherry Dr, ARCADIA, FL 34266 Homes for Sale

For Sale

$2,399,000

• 0 beds
• 0 baths
• 1875 Sq Ft

1956 SE Cherry Drive,
ARCADIA, FL, 34266

Desoto Latitude 27.20064 - Longitude -81.844209

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Overview

Listing Status Active

MLS C7467851

Property Type

Duplex

Year built

1985

Total rooms

0

Lot size

1.96 Acres

Time on NeighborWho

537 days

Stories

-

Price per Sq Ft

$1,279

Parking

0e0 car garage

Basement

-

About 1956 SE Cherry Dr, ARCADIA, FL

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! Read more

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