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10586 SW Park Avenue

Arcadia, FL 34269
  • $949,900
  • STATUS: Active
  • ON SITE: 203 Days
  • MLS #: A4587680
UPDATED: 112 min ago
$949,900
  • 11
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,454
    SQFT
  • $174
    $/SQFT
Type:
Multi-Family
Built:
2005
County:
Area:

School Information

Elementary School:
Middle School:

Description

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!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
www.momentumrealtors.com/homes/144932415
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10586 SW Park Avenue Arcadia, FL 34269

  • Price: $949,900
  • Status: Active
  • On Site: 203 Days
  • Updated: 112 min ago
  • MLS #: A4587680
11
Beds
0
Baths
0
½ Baths
5
Acres
5,454
SQFT
$174
$/SQFT
2005
Built
Neighborhood:
Lettuce Lake Leisure Living
County:
Desoto
Area:
Arcadia
Elementary School:
Nocatee Elementary School
Middle School:
Desoto Middle School
High School:
Desoto County High School
Property Description
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!
Exterior Features

Additional Water Information Lettuce Lake boat launch leads directly into The Peace River. Carport Yn No Construction Materials Vinyl SidingWood Frame Exterior Features Private MailboxStorage Foundation Details Crawlspace Lot Features GreenbeltLevelOversized LotPastureStreet Dead-EndStreet One WayUnincorporated Lot Size Dimensions 627 x 328 Open Parking YN Yes Other Structures Shed(s)Storage Parking Features CommonDrivewayGuestOversizedParking Pad Pool Private Yn No Road Frontage Type Street Dead-EndStreet One WayStreet Paved Road Surface Type PavedDirtGravel Roof Shingle Spa YN No View Park/GreenbeltTrees/Woods Water Access River Water Access Yn Yes Water Body Name Lettuce Lake Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms Great RoomInside UtilityStorage Rooms Appliances DishwasherElectric Water HeaterMicrowaveRangeRefrigerator Building Area Total 5454 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring CarpetVinylHardwood Heating CentralElectric Heating YN Yes Interior Features Ceiling Fans(s)Primary Bedroom Main FloorOpen FloorplanSolid Wood CabinetsThermostatWalk-In Closet(s)Window Treatments Laundry Features InsideLaundry Room Levels One Sewer Septic Tank Water Source Well

Property Features

Additional Lease Restrictions No restrictions. Restrictions imposed at owners discretion. Annual Expenses 8161 Annual Net Income 58000 Approval Process No restrictions. Restrictions imposed at owners discretion. Association Approval Required Yn No Association Fee Requirement None Association Yn No Cdd Yn No Est Annual Market Income 88800 Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Listing Terms CashConventionalOther Max Pet Weight 999 Minimum Lease No Minimum New Construction Yn No Number Of Pets 10+ Ownership Fee Simple Pet Restrictions No restrictions. Restrictions imposed at owners discretion. Pet Size Extra Large (101+ Lbs.) Pets Allowed Yes Planned Unit Development Yn No Property Attached YN No Property Condition Completed Property Sub Type Multi Family Realtor Info No SignSee Attachments Senior Community Yn No Special Listing Conditions None Tax Annual Amount 8597 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedPhone AvailablePrivateSewer ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No Zoning RMF-M


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of KELLER WILLIAMS ON THE WATER: 941-729-7400.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-05-23T23:49:43.197.
 
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