10586 SW Park Ave, Arcadia, FL 34269
FOR SALE5 ACRES

10586 SW Park Ave
Arcadia, FL 34269

  • 3 Beds
  • 3 Baths
  • 5,454 sqft (on 5 acres)
  • 3 Beds
  • 3 Baths
  • 5,454 sqft (on 5 acres)

$949,900

Original price: $999,900
Est. Mortgage $5,836/mo*
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Local Information

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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!

Home Highlights

Parking
Open Parking
Outdoor
No Info
View
Park/Greenbelt, Trees/Woods
HOA
None
Price/Sqft
$174
Listed
179 days ago

Home Details for 10586 SW Park Ave

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3
Dimensions and Layout
Living Area: 5454 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Phone Available, Private, Sewer Connected, Water ConnectedAppliances: Dishwasher, Electric Water Heater, Microwave, Range, RefrigeratorDishwasherLaundry: Inside, Laundry RoomMicrowaveRefrigerator
Heating & Cooling
Heating: Central, ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
No FireplaceNo Spa
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: Window TreatmentsFlooring: Carpet, Vinyl, Hardwood
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Carpet, Vinyl, Hardwood
View
Has a ViewView: Park/Greenbelt, Trees/Woods

Exterior Features

Exterior Home Features
Roof: ShingleOther Structures: Shed(s), StorageExterior: Private Mailbox, StorageFoundation: CrawlspaceNo Private Pool
Parking & Garage
No CarportNo GarageHas Open ParkingParking: Common, Driveway, Guest, Oversized, Parking Pad
Frontage
Waterfront: Water Access, Water Access: RiverRoad Frontage: Street Dead-End, Street One Way, Street PavedRoad Surface Type: Paved, Dirt, GravelNot on Waterfront
Water & Sewer
Sewer: Septic TankWater Body: Lettuce Lake

Days on Market

Days on Market: 179

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Vinyl Siding, Wood FrameNot a New ConstructionNot Attached Property
Property Information
Condition: CompletedParcel Number: 233923000000500000

Price & Status

Price
List Price: $949,900Price Per Sqft: $174

Active Status

MLS Status: Active

Media

See Virtual Tour

Location

Direction & Address
City: ArcadiaCommunity: Lettuce Lake Leisure Living
School Information
Elementary School: Nocatee Elementary SchoolJr High / Middle School: DeSoto Middle SchoolHigh School: DeSoto County High School

Agent Information

Listing Agent
Listing ID: A4587680

Building

Building Area
Building Area: 5454 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Sarasota - ManateeNo HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 5 Acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash, Conventional, Other

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %Transaction Broker Commission: 3%Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Rental

Lease Term: 12 Months, No Minimum

Miscellaneous

Mls Number: A4587680Attic: Ceiling Fans(s), Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window TreatmentsPets Max Weight: 999
Last check for updates: about 15 hours ago
Listing Provided by: Matthew Sharp, (813) 629-7094
KELLER WILLIAMS ON THE WATER, (941) 729-7400
Originating MLS: Sarasota - Manatee
Source: Stellar MLS / MFRMLS, MLS#A4587680
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. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511

Price History for 10586 SW Park Ave

DatePriceEventSource
02/16/2024$949,900PriceChange
Stellar MLS / MFRMLS #A4587680
11/02/2023$999,900Listed For SaleStellar MLS / MFRMLS #A4587680
01/03/2002$208,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$8,597
Assessment$462,173
Home facts updated by county records

Comparable Sales for 10586 SW Park Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
322 Organ St #A & B, Punta Gorda, FL
3.20
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$215,000
10/06/23
3
2
1,598
345-347 Sunflower St, Punta Gorda, FL
3.15
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$314,000
06/16/23
2
2
1,920
1040-1042 Navigator Rd, Punta Gorda, FL
4.41
Multi-Family Home
$599,000
04/05/24
6
4
2,500
1068-1070 Nomad Rd #1068-1070, Punta Gorda, FL
4.60
Multi-Family Home
$599,000
04/05/24
6
4
2,500
26206 Northern Cross Rd #26208, Punta Gorda, FL
4.78
Multi-Family Home
$599,000
01/03/24
6
4
2,509
7080 SW Highway 17, Arcadia, FL
5.17
Multi-Family Home
$958,760
04/08/24
5
5
2,440

What Locals Say about Arcadia

  • Debbie Miller
    "It is a farming community and very diverse. Recently the schooling has deteriorated and jobs are everywhere but no one wants to work. Ever since Covid"
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  • Candy K.
    "It is pet friendly. Lots of dog and cat owners. Even a small stable with a horse and some exotic birds!"
    3
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  • Maria C.
    "I’ve lived in this neighborhood for 5 years and it’s the nicest neighborhood in Arcadia everyone minds their own business and we all wave at each other when where passing on the road"
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  • Jerome L.
    "great area and very quiet at night. people are friendly and it's awesome for young family. neighbors are helpful and kind and very polite "
    5
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  • Kelsey G.
    "The neighborhood is very quiet at night. You get a gorgeous view of the sunrise. A lot of friendly dogs that are great with kids. "
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  • Roberto
    "On halloween we make a big scary house and many people go to it. Also we do car washes for the highschool teams. "
    2
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  • Trina B.
    "I have always loved the Peace RIVER. It has been a part our family for many years. My husband and 1 of my three children was born at Desoto Memorial Hospital. Arcadia is also a big part of my husbands heritage."
    6
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  • Mirinda K. W.
    "lived here for 30 years have always felt safe. neighbors are quiet. we all look out for each others homes when someone goes out of town. "
    0
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  • Esmee c.
    "I’ve lived here for almost a year now and the neighbors are nice. The neighborhood is pretty quiet and calm."
    3
    Flag
  • stroke357bruce
    "very run down area. homes with historic values could be saved but, surrounding homes have had no maintenance. should be condemned. not looking for investment or any area that investers are owning, would rebuild to live in area. just not with this blight allowed. "
    0
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LGBTQ Local Legal Protections

Matthew Sharp, KELLER WILLIAMS ON THE WATER
10586 SW Park Ave, Arcadia, FL 34269 is a 3 bedroom, 3 bathroom, 5,454 sqft multi-family built in 2005. This property is currently available for sale and was listed by Stellar MLS / MFRMLS on Nov 2, 2023. The MLS # for this home is MLS# A4587680.