This listing is NOT a foreclosure. DESOTO COUNTY DREAM! Introducing an exclusive investment opportunity in the developing town of Arcadia, estled 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
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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!This MLS Resale home is a commercial property located in ARCADIA. It offers 217800 in size, 10 beds and 1 baths. Review its detailed information and determine if this ARCADIA MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID829410640
MLS NumberA4587680
Parcel Number23-39-23-0000-0050-0000
CountyDESOTO
Bedrooms10
Bathrooms1.0
Living Area (sqft)5,454
Price/sqft$174
Year Built01/01/2005
Property TypeCommercial
Lot Size217800
Total Units5
Total Rooms5
Room ListBedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
AppliancesDishwasher, Microwave, Range, Refrigerator, Washer
HeatingCentral Furnace
CoolingCentral
Floor CoveringCarpet, Vinyl, Wood
Roof TypeComposition Shingle
Style33
Exterior WallsSiding (Alum/Vinyl)
Listing StatusActive
Property Brokerage:
Keller Williams On the Water
,
1201 6th Ave W Suite 300,
Bradenton,
FL34205
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.