10586 SW Park AVENUE ARCADIA, FL $ 949,900
10586 SW Park AVENUE
$ 949,900
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10586 SW Park AVENUE

ARCADIA, FL, 34269
$ 949,900
Bedrooms11 Baths11.0 Sq 5,454

Monthly Estimate*

$ 6,635

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Multi-Family Home for sale in ARCADIA, FL for $949,900 with 11 bedrooms and 11 full baths. This 5,454 square foot home was built in 2005 on a lot size of 5.

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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Multi-Family Active

Price

$ 949,900

Bedrooms

11

Full Bath

11

Property Type

Multi-Family

Taxes

$ 8,597

Style

Multi Family

Lot Size

5

Year Built

2005

Town/City

ARCADIA

County/Region

DESOTO

MLS | Web ID

A4587680

Features
General
Interior Features Ceiling Fans(s) Primary Bedroom Main Floor Open Floorplan Solid Wood Cabinets Thermostat Walk-In Closet(s) Window Treatments
Sewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities Electricity Connected Phone Available Private Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Electric Water Heater Microwave Range Refrigerator
Exterior Features Private Mailbox Storage
Zoning RMF-M
Construction Materials Vinyl Siding Wood Frame
Pets Allowed Yes
Year Built 2005
View Park/Greenbelt Trees/Woods
Levels One
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
County DeSoto
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name LETTUCE LAKE LEISURE LIVING
Garage Y/N No
Other Structures Shed(s) Storage
Status Active
Directions Heading South on I75 take exit 170 heading east on Kings HWY turn right onto 761 right onto Kissimmee RD and follow around to your next left turn onto Park AVE. Property is on the right at the end of
High School DeSoto County High School
City ARCADIA
Buyer Agent Compensation 3%
Body of Water Lettuce Lake
Senior Community Y/N No
Total Units 6
MLS Area 34269 - Arcadia
Lot Size Square Feet 217800
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Park
Listing Terms Cash Conventional Other
Elementary School Nocatee Elementary School
Property Attached Y/N No
Tax Annual Amount 8597
Middle/Junior High School DeSoto Middle School
Property Condition Completed
Public Remarks 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 uniq
Ok to Lease 12 Months
Lease Considered Y/N Yes
Virtual Tour https://cmsphotography.hd.pics/10586-Park-Ave/idx
Days on Market 157
Standard Status Active
Tax Lot 0000
Legal Description S1/2 OF NE1/4 OF NE1/4 OF SE1/4 LESS RD ON W SIDE LETTUCE LAKE TRAILER PARK OR 495/17
Water Access Type River
Pet Size Limit Extra Large (101+ Lbs.)
Minimum Lease No Minimum
Additional Rooms Great Room Inside Utility Storage Rooms
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Interior
Flooring Carpet Vinyl Hardwood
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix AVENUE
Laundry Features Inside Laundry Room
Total Bedrooms 11
Total Baths 11
Living Area Units Square Feet
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Exterior
Parking Features Common Driveway Guest Oversized Parking Pad
Lot Features Greenbelt Level Oversized Lot Pasture Street Dead-End Street One Way Unincorporated
Water Source Well
Lot Size Area 5
Foundation Details Crawlspace
Number of Buildings 6
Spa No
Building Area Total 5454
Lot Dimensions 627 x 328
Lot Size Acres 5
Road Surface Type Paved Dirt Gravel
Lot Size Units Acres
Road Frontage Type Street Dead-End Street One Way Street Paved
Open Parking Y/N Yes
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* Excluded Features
List By
Keller Williams On The Water

Broker

matthewlsharppa@gmail.com

Email

Affordability Calculator

$7,352
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,635
Monthly Property Taxes
$716
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3325421 Elementary School
3324959 Middle School
DeSoto County High School High School
Pricing History
DatePricePrice ChangeDescription
2/17/2024$949,900 -5.00% Price Down
11/2/2023$999,900 Listed Price

Map


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10586 SW Park AVENUE, ARCADIA, FL, 34269 is a Multi-Family Home for sale at $949,900 with 5,454 sqft and a lot size of 5. 10586 SW Park AVENUE has 11 bedrooms, 11.0 baths, and was built in 2005. The property's zip code is 34269 which is in ARCADIA, FL