1956 Southeast Cherry Drive

1956 Southeast Cherry Drive

Arcadia, FL 34266

$2,399,000
Price
—
Beds
1,875 Sq. Ft.
$1,279 / Sq. Ft.
1,875
Sq. Ft.
$1,279
per Sq. Ft.
an aerial view of residential house with outdoor space
a front view of a house with a garden
a front view of a house with outdoor seating
a view of a house with backyard and sitting area
a view of a house with backyard and porch
a view of a house with backyard sitting area and garden
a view of outdoor space and yard
a front view of a house with a yard and garage
front view of a house with a patio
front view of a house with a patio
a front view of a house with a yard and trees
a view of a house with backyard and trees
an aerial view of a house with garden space and a ocean view
an aerial view of house with a swimming pool
an aerial view of a house with swimming pool and large trees
a front view of house with a garden and trees
a backyard of a house with table and chairs
a backyard of a house with table and chairs
a front view of house with a garden and patio
a view of a house with a yard

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...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!
  1. Listed by Savannah Sheppard • SELLSTATE VISION REALTY

Property Details for 1956 Southeast Cherry Drive

Subdivision Name
FOREST PINE ESTATES
Township
38
Waterfront
No

Location

Listing Courtesy of SELLSTATE VISION REALTY, Savannah Sheppard
Add your commute
LISTING UPDATED: 01/05/2024 11:17 AM

Property Details for 1956 Southeast Cherry Drive

StatusActive
MLS #C7467851
Days on Market498
Taxes$5,134 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1985
Lot Size1.96 AC / 85,377 SF
CountyDeSoto County

Location

Listing Courtesy of SELLSTATE VISION REALTY, Savannah Sheppard
Add your commute

Building Information for 1956 Southeast Cherry Drive

Stories-Residences10Year Built1985Building Size-Lot Size1.96 AC / 85,377 SF

Payment Calculator

$13,520 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,092

Property Taxes

$428

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1956 Southeast Cherry Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Turn right onto Hwy 17 N/E Olympia Ave Continue to follow Hwy 17 N 20.3 mi Turn right onto Co Rd 760A 2.8 mi Turn left onto SE Airport Rd 3.2 mi 1956 SE Airport Rd, Arcadia, FL 34266
  • Elementary School: Memorial Elementary School
  • Middle Or Junior School: DeSoto Middle School
  • High School: DeSoto County High School
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1956
  • Street Direction Prefix: SE
  • Street Name: CHERRY
  • Street Suffix: DRIVE
  • State: FL
  • City: ARCADIA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: G
  • Tax Book Number: 9-20
  • Tax Legal Description: FOREST PINE ESTATES LOT 3 BLK G INST:201114016010 INST:201414004626
  • Tax Lot: 3
  • Tax Year: 2021
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 06-38-25-0120-00G0-0010
  • Additional Parcels: Yes
  • Parcel Number: 06-38-25-0120-00G0-0030
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 5
  • Water Access: No
  • Water Extras: No
  • Zoning: RMF-M
  • Living Area: 1875
Property and Assessments
  • Year Built Numeric: 1985
  • Flood Zone Code: X
  • Flood Zone Date: 11-06-2013
  • Flood Zone Panel: 12027C0178C
  • Homestead: No
  • New Construction: No
  • Number Of Lots: 2
  • Public Survey Range: 25
  • Public Survey Section: 06
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Electricity Connected, Water Connected
  • Water Source: Public, Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal, Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Microwave, Range, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Primary Bedroom Main Floor, Thermostat
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $187,200.00
  • Unit Count: 10
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Description 1: built in 1985
  • Unit Type Heated Sq Ft 1: 1650
  • Unit Type Pro Forma 1: 1500
  • Unit Type Type 1: 2 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Description 2: built in 1985
  • Unit Type Heated Sq Ft 2: 1650
  • Unit Type Pro Forma 2: 1500
  • Unit Type Type 2: 2 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 3
  • Unit Type Description 3: built in 2015
  • Unit Type Heated Sq Ft 3: 1856
  • Unit Type Pro Forma 3: 1600
  • Unit Type Type 3: 3 Bed/1 Bath
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 3
  • Unit Type Description 4: built in 2015
  • Unit Type Heated Sq Ft 4: 1856
  • Unit Type Pro Forma 4: 1600
  • Unit Type Type 4: 3 Bed/1 Bath
Unit 5
  • Unit Type Baths Total 5: 1
  • Unit Type Beds Total 5: 3
  • Unit Type Description 5: built in 2015
  • Unit Type Heated Sq Ft 5: 1856
  • Unit Type Pro Forma 5: 1600
  • Unit Type Type 5: 3 Bed/1 Bath
Unit 6
  • Unit Type Baths Total 6: 1
  • Unit Type Beds Total 6: 3
  • Unit Type Type 6: 3 Bed/1 Bath
Unit 7
  • Unit Type Baths Total 7: 1
  • Unit Type Beds Total 7: 3
  • Unit Type Type 7: 3 Bed/1 Bath
Unit 8
  • Unit Type Baths Total 8: 1
  • Unit Type Beds Total 8: 3
  • Unit Type Type 8: 3 Bed/1 Bath
Unit 9
  • Unit Type Baths Total 9: 1
  • Unit Type Beds Total 9: 2
  • Unit Type Type 9: 2 Bed/1 Bath
Unit 10
  • Unit Type Baths Total 10: 1
  • Unit Type Beds Total 10: 2
  • Unit Type Type 10: 2 Bed/1 Bath
Rental
Rental Information
  • Tenant Pays: Electricity, Water

Property History for 1956 Southeast Cherry Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1956 Southeast Cherry Drive

Taxable ValueLand$38,500Additions$279,030Total$317,530
Tax Record2023$6,902 ($575 / month)
Home Facts
Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories1Lot Size34,107 SqFtStyleDuplexYear Built1985ZoningRMF-MCountyDESOTOAPN06-38-25-0120-00G0-0030

Schools near 1956 Southeast Cherry Drive

This home is within Desoto.
Rating
School
Type
Grades
Distance
Nocatee Elementary School
Public - PK to 5
Desoto Middle School
Public - 6 to 8
Desoto County High School
Public - 9 to 12
Desoto Secondary School
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

Desoto Secondary School
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Southeast Arcadia

Neighborhoods

Cities

ZIPs

More information about 1956 Southeast Cherry Drive, Arcadia, FL 34266

1956 Southeast Cherry Drive is a multi-family home for sale in Arcadia, FL 34266. This property was listed for sale on November 30, 2022 by SELLSTATE VISION REALTY, it's currently listed at $2,399,000. It has been on the market for a total of 498 days and was last sold on August 16, 2011. This listing's school district is Desoto. Nearby schools include Nocatee Elementary School, Desoto Middle School and Desoto County High School. 1956 Southeast Cherry Drive is a 0-bed, 0-bath, 1,875 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SELLSTATE VISION REALTY, Savannah Sheppard

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.