This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/20
1956 SE Cherry Drive, Arcadia, FL 34266
$2,399,000
1956 SE Cherry Drive, Arcadia, FL 34266View this property at 1956 SE Cherry Drive, Arcadia, FL 34266
1956 SE Cherry DriveArcadiaFL34266
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/20
Property 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!
Full Property Details
Full Property Details for 1956 SE Cherry Dr
General
- Price: $2,399,000
- Taxes: $5,134 (2021)
- Status: Active
- Type: Duplex
- MLS ID: C7467851
- Updated: 4/18/2024
- Added to Site: 537 day(s) ago
Interior
- Interior Features: Primary Bedroom Main Floor, Thermostat
- Appliances: Microwave, Range, Refrigerator
Exterior
- Exterior Features: Lighting
Location
- Area: 34266 - Arcadia
- County: DeSoto
- Development Name: 34266 - Arcadia
- Subdivision: FOREST PINE ESTATES
- Driving 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
School Information
- Elementary School: Memorial Elementary School
- Middle School: DeSoto Middle School
- High School: DeSoto County High School
Community
- Community Name: 34266 - Arcadia
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Public, Well
- Utility Description: Electricity Available, Electricity Connected, Water Connected
Structural Information
- # Buildings: 5
- Exterior Const.: Wood Frame
- Roof: Metal, Shingle
- Square Feet: 1,875
- Sq. Ft. Source: Public Records
- Year Built: 1985
Lot Features
- Lot Size (Acres): 1.96
- Lot Size (Sq. Ft.): 85,377
- Lot Size: 1.96
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $5,134
- Tax Year: 2021
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: FOREST PINE ESTATES LOT 3 BLK G INST:201114016010 INST:201414004626
- Flood Zone Info: X
- APN: 063825012000G00030
- Property ID: 063825012000G00030
- Block/Lot/Section: G
Listed by Sellstate Vision Realty
Get Pre-Approved Today
Schools
Schools serving 1956 SE Cherry Dr
School District:Desoto
Rating | Name | Grades | Distance |
---|---|---|---|
4846 Sw Shores Ave, Arcadia, FL 34266 | K-5 | 4 mi | |
420 E Gibson St, Arcadia, FL 34266 | 6-8 | 1.6 mi | |
1710 E Gibson St, Arcadia, FL 34266 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1956 SE Cherry Dr
Date
Details
Price
Change
Source
1/05/2024
Price Reduced
$2,399,000
-0.04%
MLS
11/30/2022
Listed
$2,400,000
105.13%
MLS
6/28/2022
Sold
$1,170,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1956 SE Cherry Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,902
34%
$317,530
42%
2021
$5,134
-7%
$223,921
-23%
2022
$5,531
8%
$291,038
29%
2021
$5,134
11%
$225,440
49%
2019
$4,630
21%
$150,853
-23%
2017
$3,833
—
$196,925
31%
2017
$3,833
9%
$150,595
33%
2016
$3,508
8%
$113,338
4%
2015
$3,245
15%
$108,617
9%
2014
$2,825
—
$99,814
-1%
2013
$2,814
—
$100,696
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1956 SE Cherry Dr
1956 SE Cherry Drive, Arcadia, FL 34266 (MLS# C7467851) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1956 SE Cherry Drive is currently listed for $2,399,000 and was received on November 30, 2022. Want to learn more about 1956 SE Cherry Drive? Do you have questions about finding other Duplex real estate for sale in Arcadia? You can browse all Arcadia real estate or contact a Coldwell Banker agent to request more information.