For Sale

Listed by Savannah Sheppard from SELLSTATE VISION REALTY

Source: Stellar MLS #C7467851

1956 Southeast Cherry Drive, Southeast Arcadia, FL, 34266

$2,399,000

1875 sq. ft.
85377 sq. ft.

Duplex

•

30+ days on the market

What's around 1956 Southeast Cherry Drive

About this property

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!

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