FOR SALE1.96 ACRES
1956 SE Cherry Dr
Arcadia, FL 34266
26 Beds
10 Baths
1,875 sqft (on 1.96 acres)
- 26 Beds
- 10 Baths
- 1,875 sqft (on 1.96 acres)
26 Beds
10 Baths
1,875 sqft
(on 1.96 acres)
Local Information
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Commute Destination
Description
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!
Home Highlights
Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$1,279
Listed
180+ days ago
Home Details for 1956 SE Cherry Dr
Interior Features |
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Beds & Baths Number of Bedrooms: 26Number of Bathrooms: 10 |
Dimensions and Layout Living Area: 1875 Square Feet |
Appliances & Utilities Utilities: Electricity Available, Electricity Connected, Water ConnectedAppliances: Microwave, Range, RefrigeratorMicrowaveRefrigerator |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa No Fireplace |
Gas & Electric Has Electric on Property |
View No View |
Exterior Features |
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Exterior Home Features Roof: Metal ShingleExterior: LightingFoundation: SlabNo Private Pool |
Parking & Garage No CarportNo Garage |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1985 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi Family |
Building Construction Materials: Wood FrameNot a New Construction |
Property Information Parcel Number: 063825012000G00030 |
Price & Status |
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Price List Price: $2,399,000Price Per Sqft: $1,279 |
Active Status |
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MLS Status: Active |
Media |
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Location |
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Direction & Address City: ArcadiaCommunity: Forest Pine Estates |
School Information Elementary School: Memorial Elementary SchoolJr High / Middle School: DeSoto Middle SchoolHigh School: DeSoto County High School |
Agent Information |
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Listing Agent Listing ID: C7467851 |
Community |
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Not Senior Community |
HOA |
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Association for this Listing: Port CharlotteNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 1.96 Acres |
Listing Info |
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Special Conditions: None |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: %Transaction Broker Commission: 1%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 |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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Mls Number: C7467851Attic: Primary Bedroom Main Floor, Thermostat |
Last check for updates: about 8 hours ago
Listing Provided by: Savannah Sheppard, (941) 807-4304
SELLSTATE VISION REALTY, (941) 336-5400
Originating MLS: Port Charlotte
Source: Stellar MLS / MFRMLS, MLS#C7467851
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
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 1956 SE Cherry Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 01/05/2024 | $2,399,000 | PriceChange | Stellar MLS / MFRMLS #C7467851 |
| 10/07/2023 | $2,400,000 | Listed For Sale | Stellar MLS / MFRMLS #C7467851 |
| 09/21/2023 | ListingRemoved | Stellar MLS / MFRMLS #C7467851 | |
| 11/30/2022 | $2,400,000 | Listed For Sale | Stellar MLS / MFRMLS #C7467851 |
| 07/01/2011 | $140,500 | Sold | N/A |
| 11/23/2009 | $64,000 | Sold | Stellar MLS / MFRMLS #C6998599 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $5,531 |
| Assessment | $291,038 |
Home facts updated by county records
Comparable Sales for 1956 SE Cherry Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $275,000 | 07/31/23 | 2 | 2 | 2,144 | |
0.05 | Multi-Family Home | $275,000 | 07/31/23 | 2 | 2 | 2,144 | |
1.20 | Multi-Family Home | $280,000 | 02/27/24 | 4 | 4 | - | |
1.73 | Multi-Family Home | $278,500 | 06/20/23 | - | 1,856 | ||
1.74 | Multi-Family Home | $493,000 | 09/27/23 | - | 3,712 | ||
6.97 | Multi-Family Home | $958,760 | 04/08/24 | 5 | 5 | 2,440 |
What Locals Say about Arcadia
- Debbie Miller
- Resident
- 3mo ago
"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"
- Candy K.
- Resident
- 3y ago
"It is pet friendly. Lots of dog and cat owners. Even a small stable with a horse and some exotic birds!"
- Maria C.
- Resident
- 4y ago
"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"
- Jerome L.
- Resident
- 5y ago
"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 "
- Kelsey G.
- Prev. Resident
- 5y ago
"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. "
- Roberto
- Resident
- 5y ago
"On halloween we make a big scary house and many people go to it. Also we do car washes for the highschool teams. "
- Trina B.
- Prev. Resident
- 5y ago
"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."
- Mirinda K. W.
- Resident
- 5y ago
"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. "
- Esmee c.
- Resident
- 6y ago
"I’ve lived here for almost a year now and the neighbors are nice. The neighborhood is pretty quiet and calm."
- stroke357bruce
- 11y ago
"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. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Savannah Sheppard, SELLSTATE VISION REALTY
1956 SE Cherry Dr, Arcadia, FL 34266 is a 26 bedroom, 10 bathroom, 1,875 sqft multi-family built in 1985. This property is currently available for sale and was listed by Stellar MLS / MFRMLS on Oct 7, 2023. The MLS # for this home is MLS# C7467851.