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$949,900
171 Days Online

10586 SW Park Avenue
Arcadia, FL 34269

For Sale|Multi-Family|Active
Subdivision:
Lettuce Lake Leisure Living
County:
Desoto
Call Now: 941-866-1666
Is this the home for you? We can help make it yours.
941-866-1666
10586 SW Park Avenue10586 SW Park Avenue10586 SW Park Avenue10586 SW Park Avenue
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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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Listing Snapshot
Price 
$949,900
Days Online 
171 Days
Bedrooms 
11
Inside Area (SqFt) 
5,454 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5 Acres
Year Built 
2005
MLS® Number 
A4587680
Status 
Active
Property Tax 
$8,597
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 months agoPrice changed to $949,900
6 months agoListing first seen online
General Features
Construction 
Vinyl Siding
Parking 
CommonDrivewayGuestOversizedParking Pad
Sewer 
Septic Tank
Number of Stories 
1
Acreage 
5
Water 
Well
Property Sub Type 
Multi Family
Utilities 
Electricity ConnectedPhone AvailableSewer ConnectedWater Connected
Zoning 
RMF-M
Minimum Lease 
No Minimum
Ownership 
Fee Simple
Parcel Number 
23-39-23-0000-0050-0000
Interior Features
Cooling 
Central Air
Heating 
CentralElectric
Appliances 
DishwasherElectric Water HeaterMicrowaveRangeRefrigerator
Flooring 
CarpetVinylWood
Interior 
Ceiling Fans(s)Primary Bedroom Main FloorOpen FloorplanSolid Wood CabinetsThermostatWalk-In Closet(s)Window Treatments
Laundry Features 
InsideLaundry Room
Fireplace 
No
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Exterior Features
Roof 
Shingle
View 
Park/ GreenbeltTrees/ Woods
Spa 
No
Waterfront Property 
No
Exterior 
Private MailboxStorage
Lot 
GreenbeltLevelOversized LotPastureStreet Dead- EndStreet One WayPavedUnincorporated
Other Structures 
Shed(s)Storage
Community Features
Pets 
Yes
Township 
39
Senior Community 
No
MLS Area 
34269 - Arcadia
Schools
School District
Unknown
Elementary School
Nocatee Elementary School
Middle School
DeSoto Middle School
High School
DeSoto County High School
Listing courtesy of KELLER WILLIAMS ON THE WATER 941-729-7400



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-04-22 02:00 AM EDT

Neighborhood & Commute
Source: Walkscore
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