6 months on rocket

10586 SW Park Ave, Arcadia, FL, 34269

$949,900

Home List Price

$10,000*

Closing Credit

11 Bedrooms
11 Baths
5,454 SqFt
$174/SqFt
Multi
Schools Nearby

Location

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10586 SW Park Ave, Arcadia$949,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingCommon, Driveway, Guest, Oversized, Parking Pad
Year Built2005
HeatingCentral, Electric
CoolingCentral Air
ViewPark, Trees/Woods
MLS #A4587680
Lot Size5.00 Acres
StatusActive

About 10586 SW Park Ave

DESOTO COUNTY DREAM! Introducing an exclusive investment opportunity in the developing town of Arcadia, nestled 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 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!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Living Area: 5,454 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS ON THE WATER
  • Office Phone: (941) 729-7400
  • Listing Agent: Matthew Sharp

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Flooring Type: Carpet, Vinyl, Wood
  • Interior: Ceiling Fans(s), Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Park, Trees/Woods
  • Exterior: Private Mailbox, Storage

Parking Information:

  • Parking: Common, Driveway, Guest, Oversized, Parking Pad

Lot Features

Lot Information:

  • Lot: Greenbelt, Level, Oversized Lot, Pasture, Dead End Street, One-Way Street, Paved
  • Lot Size: 5.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Desoto County High School, Public District Grades 9-12
  • Desoto Middle School, Public District Grades 6-8
  • Nocatee Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Heading South on I75 take exit 170 heading east on Kings HWY, turn right onto 761, right onto Kissimmee RD and follow around to your next left turn onto Park AVE. Property is on the right at the end of the road. (NO SIGN @ PROPERTY)

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,900
  • Price Per SqFt: $174/SqFt

Tax Information:

  • Annual Amount: $4,599
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Arcadia, FL.

Med. Sold Price

$235K

Med. Price/SqFt

$180

Avg. Days On Market

79

# of Sold Homes

31

10586 SW Park Ave vs Arcadia

180 DAYS ON ROCKET

+101 Days

$949,900

+$714.9K More

$174/SqFt

-$6 Less

KEY TAKEAWAY

This property is $714.9K more than the Median Sold Price and $6/SqFt less than other homes in Arcadia, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4587680

Listing Office:

  • Office Name: KELLER WILLIAMS ON THE WATER
  • Office Phone: (941) 729-7400
  • Listing Agent: Matthew Sharp

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/30/2024, 3:19:24 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 03, 2002Home Sold
$208,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,599$282,557
2019$6,986$236,908
2018$5,794$237,204
2017 - $218,710

History based on county public records data.

Payment Calculator

$4,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,914

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3757083
2
/10
  • Nocatee Elementary School

  • 4846 Sw Shores Ave

  • 7.91 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3757084
2
/10
  • Desoto Middle School

  • 420 E Gibson St

  • 13.09 miles

  • Public District Grades 6-8

High School

school-card-donut-3757085
1
/10
  • Desoto County High School

  • 1710 E Gibson St

  • 13.49 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,910. The majority of Arcadia, FL residents have income between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesFloridaDeSoto CountyArcadia3426910586 SW Park Ave

This home is located at 10586 SW Park Ave in Arcadia, FL and zip code 34269. This 5,454 square foot home, which was built in 2005, sits on a 5.00 acre lot. Features: 11 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since November 02, 2023 and is currently priced at $949,900.

While more than 5 listings in Arcadia, FL in March 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 20 were sold below. The number of homes for sale in Arcadia, FL increased by 13% between February 2024 and March 2024. Listings spent 79 days on the market in March 2024, and had a median list price of $235,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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