List Search

1956 SE Cherry Dr
Arcadia, FL 34266

$2,400,000 USD

Specialty For Sale  •  1,875 SF

Property Details

  • Property Type Specialty
  • Total Building Size 1,875 SF
  • Lot Size 1.96 AC
  • Building Class C
  • Year Built 1985
  • Cap Rate 6.70 %
  • Zoning RMF-M
30 Walk Score

Highlights

All units are fully leased with a scheduled rent increase effective January 1, 2023, ensuring immediate income growth potential.
Five income-producing duplexes delivering a total of 10 rental units on nearly 2 acres of land in Forest Pine Estates.
Three duplexes were constructed in 2015 and two additional duplexes feature newer metal roofs, providing durability and reduced maintenance costs.
Each unit includes essential appliances such as range, refrigerator, and microwave, along with central air conditioning for tenant comfort.
Tenants cover electricity, water, and general maintenance, offering an attractive low-expense structure for ownership.
Cleared, buildable land behind the existing duplexes creates additional development potential for future income or expansion opportunities.

Property Flyers

Cap Rate: 6.70 %

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Punta Gorda 40 min - 26.1 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 10
Type: Reserved
Included in Rent: Yes
Savannah Zarris 941-807-4304 Sellstate Vision Realty
Savannah Zarris 941-807-4304 Sellstate Vision Realty