10586 Park Avenue, Arcadia, FL 34269
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Priced at Only: $895,000
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Address: 10586 Park Avenue, Arcadia, FL 34269
Property Location and Similar Properties
- MLS#: C7504282 ( ResidentialIncome )
- Street Address: 10586 Park Avenue
- Viewed: 1
- Price: $895,000
- Price sqft: $161
- Waterfront: No
- Year Built: 2005
- Bldg sqft: 5574
- Bedrooms: 10
- Total Baths: 10
- Days On Market: 124
- Additional Information
- Geolocation: 27.0703 / -81.9756
- County: DESOTO
- City: Arcadia
- Zipcode: 34269
- Provided by: THE WILLIAMSON GROUP REALTY, I
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DescriptionTurnkey investment opportunity! This 5 acre income producing property is a rare find, offering five well maintained homes, each with its own shed, septic system, and electric meterensuring easy management and complete tenant independence. The current tenants are long term and reliable, with each having lived here for at least three years and all on yearly leases, providing steady, hassle free income. Plus, each tenant takes care of their own lawn, keeping maintenance to a minimum for the owner. Each of the five homes rents for $1,200 per month, creating a strong and consistent cash flow. Additionally, a privately owned home has been on the property for 11 years, paying $400 per month in lot rentadding an extra stream of income! The homes are in great condition, making this an easy, turnkey investment with no immediate repairs needed. Beyond the current rental setup, this property offers huge potential for investors looking to expand. Whether you choose to keep it as is and enjoy passive income or explore future development possibilities, the opportunities here are endless. With multiple income streams, reliable tenants, and minimal owner responsibilities, this property is a smart investment that works for you from day one. Don't miss out on this rare multi home opportunityreach out today to schedule a showing and secure your next profitable investment!
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Features
Building and Construction
- Basement: CrawlSpace
- Covered Spaces: 0.00
- Exterior Features: Storage
- Living Area: 5274.00
- Roof: Shingle
Property Information
- Property Condition: NewConstruction
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Well
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir, CeilingFans
- Heating: Central
- Sewer: SepticTank
- Utilities: ElectricityConnected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2024
- Trash Expense: 0.00
Rental Information
- Tenant Pays: Electricity
Other Features
- Country: US
- Interior Features: CeilingFans, OpenFloorplan, WindowTreatments
- Legal Description: The South 1/2 of the Northeast 1/4 of the Northeast 1/4 of the Southeast 1/4, LESS right of way on West Side, all being in Section 23, Township 39 South, Range 23 East, Desoto County. Florida.
- Area Major: 34269 - Arcadia
- Occupant Type: Tenant
- Parcel Number: 23-39-23-0000-0050-0000
- Possession: CloseOfEscrow
- The Range: 0.00
- Zoning Code: RMF-M
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