Residential Property - Single Family Residence in Arcadia
Listing Price: $240,000 (Mortgage Calculator →)
Description of Property
**Income-producing investment opportunity in Arcadia, Florida. This tenant-occupied single-family rental is offered exclusively as part of a three-property residential investment portfolio that also includes 408 E Maple St. (MLS #A4700131) and 401 Citrus Ave. (MLS #A4700128). Offered at $805,000, the portfolio generates $68,400 in combined annual gross rental income, representing an 8.50% gross yield. Each property is located on its own tax parcel, providing ownership flexibility and future disposition options. All three properties are fully leased and are being sold subject to the existing leases. Please do not disturb tenants or enter the property without a confirmed appointment. Buyer is responsible for independently verifying all rental income, lease terms, operating expenses, dimensions, zoning, permits, and all other information deemed material during the due diligence period.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Arcadia
County: DeSoto
Subdivision: A W Gilchrists Sub
Bedrooms: 3
Bathrooms: 1
Sq. Ft. Gross: 1,480
Sq. Ft. Living Area: 1,083
Cost per (heated) sqare foot: $222
Year built: 1962
Annual Tax: $2,009
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Crawlspace
Roof: Metal
Exterior Features: Other
Carport: Yes
Carport Spaces: 1
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: None
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.23
Lot Size (sq. ft.): 9,975 square feet
Lot Dimensions: 100 x 100
Front Exposure: South
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 313725002000Y00185
Zoning: R-1B
Tax Legal Desc.: A W GILCHRISTS SUB OF BONITA E 100 FT OF LOTS 18 & 20 BLK Y INST:201314003105 INST:202114004563 INST:202114006644
Section: 31
Range: 25
Listing courtesy of DOUGLAS ELLIMAN. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.