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1956 SE Cherry Drive

ARCADIA, FL 34266

– beds
– baths
1,875 sqft
~2 acre lot
$1,279 per sqft
1985 build
– on site

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!

Listing courtesy of STELLAR_MLS / SELLSTATE VISION REALTY

Last checked: Checking… • Last updated Jan 5, 2024 •

MLS# C7467851 —

The Building

Year Built:

1985
New Construction:

false
Construction Materials:

Wood Frame
# of Buildings:

5
Roof:

Metal
Foundation Details:

Slab

Interior

Interior Features:

Primary Bedroom Main Floor
Fireplace:

false

Room Dimensions

Living Area:

1875
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Turn right onto Hwy 17 N/E Olympia Ave Continue to follow Hwy 17 N 20.3 mi Turn right onto Co Rd 760A 2.8 mi Turn left onto SE Airport Rd 3.2 mi 1956 SE Airport Rd, Arcadia, FL 34266
Latitude:

27.20064
Longitude:

-81.844209
Coordinates:

-81.844209, 27.20064

The Property

Parcel Number:

063825012000G00030
Property Type:

Residential Income
Property Subtype:

Duplex
Lot Size Acres:

1.96
Lot Size SqFt:

85377.6
Lot Size Area:

1.96
Lot Size Units:

Acres
Zoning:

RMF-M
Exterior Features:

Lighting
Water Source:

Public
Total Acres:

1 to less than 2
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12027C0178C
Homestead:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2021
Tax Lot:

3
Tax Block:

G
Tax Book Number:

9-20
Tax Annual Amount:

5134
Tax Legal Description:

FOREST PINE ESTATES LOT 3 BLK G INST:201114016010 INST:201414004626

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/C7467851
Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2%

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Septic Tank

Appliances

Appliances:

Microwave

Schools

Elementary School:

Memorial Elementary School
Middle Or Junior School:

DeSoto Middle School
High School:

DeSoto County High School

The Community

Subdivision Name:

FOREST PINE ESTATES
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

10

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
1/5/24 Jan 5, 2024	Price Changed	STELLAR_MLS	$2,399,000	-0.0% (-0.0% / YR)
11/30/22 Nov 30, 2022	Listed / Active	STELLAR_MLS	$2,400,000	3650.0% (280.3% / YR)
11/23/09 Nov 23, 2009		STELLAR_MLS	$64,000

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This multifamily located in Southeast Arcadia, FL 34266 is currently for sale for $2,399,000. 1956 SE Cherry Drive is a 1,875 square foot multifamily with – beds and – baths that has been on Estately for 529 days. This multifamily is in the attendance area of Desoto County High School, Desoto Middle School, and Nocatee Elementary School.

Listing Courtesy of: STELLAR_MLS and SELLSTATE VISION REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.