10586 Park Avenue
10586 Park Avenue
$949,900
11
5,454
5,454
$174
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...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!
- Listed by Matthew Sharp • KELLER WILLIAMS ON THE WATER
Property Details for 10586 Park Avenue
Subdivision Name
LETTUCE LAKE LEISURE LIVING
Township39
ViewGreenbelt, Trees/Woods
WaterfrontNo
Location
LISTING UPDATED: 04/07/2024 11:44 AM
Property Details for 10586 Park Avenue
Status | Active |
---|---|
MLS # | A4587680 |
Days on Market | 178 |
Taxes | $8,597 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi-Family |
Year Built | 2005 |
Lot Size | 5.00 AC / 217,800 SF |
County | DeSoto County |
Location
Building Information for 10586 Park Avenue
Stories-Residences6Year Built2005Building Size-Lot Size5.00 AC / 217,800 SF
Payment Calculator
$5,900 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 10586 Park Avenue
Property History for 10586 Park Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 10586 Park Avenue
Taxable ValueLand$100,000Additions$409,631Total$509,631
Tax Record2022$8,597 ($716 / month)
Home Facts
Total Finished SqFt1,054 SqFtAbove Grade Finished SqFt1,054 SqFtStories1Lot Size217,800 SqFtStyleMobile / Manufactured HomeYear Built2005ZoningRMF-MCountyDESOTOAPN23-39-23-0000-0050-0000
Schools near 10586 Park Avenue
This home is within Desoto.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Nocatee Elementary School PublicPK to 5 | ||
Desoto Middle School Public6 to 8 | ||
Desoto County High School Public9 to 12 | ||
Reduced Services PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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