$958,760
$974,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
7080 SW HIGHWAY 17 Arcadia, FL 34266
5 Beds
5 Baths
2,440 SqFt
Key Details
Sold Price $958,760
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,440 sqft
Price per Sqft $392
Subdivision Acreage
MLS Listing ID A4558385
Sold Date 04/08/24
Bedrooms 5
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1948
Annual Tax Amount $4,793
Lot Size 6.350 Acres
Acres 6.35
Property Description
LET THE PASSIVE RENTAL INCOME PAY YOUR MORTGAGE WITH THIS PROVEN INCOME PRODUCING PROPERTY! - 4 potential income producing rentals with 3 additional outbuildings including a horse barn, a massive shop/garage and a storage building perfect for home office/flex space/workout room all sitting on 6.35 acres. The main home which could be your future primary residence with passive income of over $40,000 per year from the other three rental units- features 3 bedrooms 2.5 bathrooms and the photos speak for themselves! Everything in this home has been upgraded to the standards of a King including a chef's kitchen with propane stove, southern walnut hardwoods, 2022-26 gauge metal roof and yellow pine siding. Any of these units could be converted to short-term rentals such as AirBnB/VRBO style housing and the possibilities of income with that is extensive. The property is eligible for rezoning to either full or partial commercial and/or minor plat to RMF-1 and two additional rental units could be added to the property. The current zoning is Agricultural (A-10) with multifamily use and allows for grazing animals. Do not forget to ask your lender how you can use the current rental income towards your mortgage payment! Just a short distance to Arcadia, Punta Gorda, Port Charlotte and I75 makes this property a perfect rental location with a short commute and the opportunity to live in a country setting. Schedule your showing on this rare investment find today!
Location
State FL
County Desoto
Community Acreage
Zoning A-10
Rooms
Other Rooms Bonus Room, Den/Library/Office, Great Room
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceilings, L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Tile
Fireplaces Type Family Room, Living Room, Masonry, Other, Wood Burning
Furnishings Negotiable
Fireplace true
Appliance Built-In Oven, Convection Oven, Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Garden
Garage Boat, Covered, Driveway, Golf Cart Garage, Ground Level, RV Garage
Garage Spaces 5.0
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Water Connected
View Garden, Trees/Woods
Roof Type Metal
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Landscaped, Level, Pasture, Zoned for Horses
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 5 to less than 10
Sewer Septic Tank
Water Well
Structure Type Wood Frame,Wood Siding
New Construction false
Construction Status Financing,Inspections
Schools
Elementary Schools Nocatee Elementary School
Middle Schools Desoto Middle School
High Schools Desoto County High School
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS REALTY GOLD
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