10586 SW PARK AVE new Save Request In-Person Tour Request Virtual Tour
Arcadia,FL 34269
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,274 sqft
Price per Sqft $184
MLS Listing ID C7504282
Bedrooms 15
HOA Y/N No
Originating Board Stellar MLS
Year Built 2005
Annual Tax Amount $9,588
Lot Size 5.000 Acres
Acres 5.0
Property Description
Turnkey 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 meter—ensuring 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 rent—adding 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 opportunity—reach out today to schedule a showing and secure your next profitable investment!
Location
State FL
County Desoto
Zoning RMF-M
Interior
Interior Features Ceiling Fans(s),Open Floorplan,Window Treatments
Heating Central
Cooling Central Air
Fireplace false
Laundry Inside,Laundry Room
Exterior
Exterior Feature Storage
Utilities Available Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 5 to less than 10
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None