Property Description

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!

Features
: Central, Electric
: Central Air
: Driveway, Guest, Parking Pad, Common, Oversized
: Storage, Private Mailbox
: Carpet, Wood, Vinyl
: Ceiling Fans(s), Thermostat, Walk-In Closet(s), Open Floorplan, Window Treatments, Solid Wood Cabinets, Primary Bedroom Main Floor
: Laundry Room, Inside
: Septic Tank
: Electricity Connected, Sewer Connected, Water Connected, Phone Available, Private
Appliances
: Dishwasher, Microwave, Refrigerator, Electric Water Heater, Range
Address Map
US
FL
DeSoto
Arcadia
LETTUCE LAKE LEISURE LIVING
34269
PARK
10586
AVENUE
W82° 1' 27.6''
N27° 4' 13.2''
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 the road. (NO SIGN @ PROPERTY)
34269 - Arcadia
SW
RMF-M
Neighborhood
Nocatee Elementary School
DeSoto County High School
DeSoto Middle School
Additional Information
627x328
: Well
LETTUCE LAKE
https://cmsphotography.hd.pics/10586-Park-Ave/idx
999900
2023-11-02
6
: Paved, Level, Greenbelt, Oversized Lot, Pasture, Street Dead-End, Unincorporated, Street One Way
: One
: Crawlspace
: Vinyl Siding, Wood Frame
5454
Financial
8597
Listing Information
266510981
266510701
Cash,Conventional,Other
Withdrawn
2024-05-30T14:09:07Z
Stellar
: None
2024-05-30T14:07:59Z

Residential Income For Sale

10586 SW Park Avenue, Arcadia, Florida 34269

11 Bedrooms
11 Bathrooms
5,454
$949,900
Listing ID #A4587680
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A4587680
Price : $949,900
View : Park/Greenbelt,Trees/Woods
Bedrooms : 11
Bathrooms : 11
Square Footage : 5,454
Year Built : 2005
Lot Area : 5 Acre
Office Name : KELLER WILLIAMS ON THE WATER
Agent Name : Matthew Sharp
Property Sub Type : Multi-Family
Roof : Shingle
Listing Status : Withdrawn
Agent info
Contact Agent