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Back 106 Cherokee Trail
Off Market

106 Cherokee Trail

Myrtle Grove FL 32506

1352 sq. ft.
Duplex
Last sold for $195,000
Caleb DrakeCaleb Drake, last sold this property on 11 August 2025 after 177 days on market.

Overview

***Income-Producing Triplex – Duplex with Detached Efficiency Unit*** This three-unit investment property offers immediate cash flow and strong long-term potential. The property includes a duplex and a detached efficiency unit on the same lot, providing multiple income streams. The duplex is currently rented for $1,620 per month on annual leases, with room to increase rents. The efficiency unit offers additional income potential, with market rents estimated at over $500 per month. Recent updates include a newer roof, just three years old, reducing capital expenditures for the foreseeable future. The duplex has also been rewired, adding to the property's reliability and value. Professionally managed with quality tenants already in place, this is a true turnkey investment with minimal hands-on involvement. The strong rental history and the ability to optimize rental rates make this an excellent opportunity for investors looking to maximize cash flow. Schedule a showing today.

Features

1352 sq. ft. floor area
Duplex

Estimated Value

Based on this property and similar duplexes sold in Myrtle Grove over the last 12 months, the estimated median property value of 106 Cherokee Trail is $325k.

Median value
$325k
Estimated value range
$190k - $480k
Median days on market
107
Estimated value trend
-19%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Myrtle Grove. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 106 Cherokee Trail

2025
Sold
$195,000
11 Aug 2025 by Caleb Drake, of Levin Rinke Realty
2022
Sold
$180,000
18 Mar 2022 by Constance Patterson, of Coastal Realty Partners

Happy sellers in Myrtle Grove

90%
90% of sellers in Myrtle Grove reported that their sale price either exceeded or met their price expectations.

Myrtle Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Myrtle Grove over the last 12 months.

Local market activity for duplexes in Myrtle Grove

In the last 12 months, 6 duplexes similar to 106 Cherokee Trail, have been sold.

This represents a 30% increase in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Myrtle Grove

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Erica Porcelli

Sellers who recommend Erica Porcelli have praised them for being clear communication, local expert, responsive, supportive, friendly, patient, and detail-oriented

  •   5   (94 reviews)
  •  4 Reviews in Myrtle Grove
  •  6 Sales in Myrtle Grove
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Susan Carleton

Sellers who recommend Susan Carleton have praised them for being local expert, well-prepared, and clear communication

  •   5   (50 reviews)
  •  3 Reviews in Myrtle Grove
  •  3 Sales in Myrtle Grove
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Alexis Bolin

Sellers who recommend Alexis Bolin have praised them for being local expert, reliable, clear communication, supportive, great negotiation, honest, and responsive

  •   5   (93 reviews)
  •  2 Reviews in Myrtle Grove
  •  2 Sales in Myrtle Grove
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Chastity Guidroz

Chastity Guidroz is a recommended agent for Myrtle Grove.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  2 Reviews in Myrtle Grove
  •  2 Sales in Myrtle Grove
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