$206,500
$199,900
3.3%For more information regarding the value of a property, please contact us for a free consultation.
523 E OAK ST Arcadia, FL 34266
2,187 SqFt
Key Details
Sold Price $206,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,187 sqft
Price per Sqft $94
Subdivision Town/Arcadia
MLS Listing ID A4499649
Sold Date 10/18/21
Construction Status Inspections
HOA Y/N No
Year Built 1942
Annual Tax Amount $2,539
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 75x145
Property Description
INVESTMENT OPPORTUNITY WITH A GREAT RENTAL RETURN!! The hard work here is done with all three rental units move in ready! The possibilities are endless, you could live in one unit and have 2 other rentals or just rent out all 3 units. The main house is set up as a Duplex right now with a 1 bedroom 1 bath unit (rented) with updated flooring and bathroom and a 2 bedroom 1 bath (rented) unit on the other side that has new kitchen, updated bath and beautifully finished floors. There is a massive attic area for storage or potential to be finished into a fourth rental- studio apartment style. The detached 2 car garage is currently being used for storage and has a 3rd unit above it with 1 bedroom and 1 bath refinished and being rented out as an Airbnb! The house has a metal roof, has been re-wired and has new plumbing. There is a large parking pad behind the home and several additional parking spots just off the road in front of the garage. The rentals offer shared laundry for all three units to access. Some furnishing will come with the rentals and owner financing is a possibility. Current rental rates are 1/1-$30 per night, 2/1-$45 per night, 1/1-Carriage House-$70 per night for the first 7 nights, reduced to $40 for longer stays and $100 cleaning fee. The Carriage House is one of two advertised Airbnb’s in Arcadia and is typically booked full several months in advance!
Location
State FL
County Desoto
Community Town/Arcadia
Zoning R-3
Rooms
Other Rooms Attic
Interior
Interior Features Window Treatments
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s), Zoned
Flooring Carpet, Laminate, Linoleum
Furnishings Negotiable
Fireplace true
Appliance Range, Refrigerator
Exterior
Exterior Feature French Doors, Rain Gutters
Garage Garage Faces Rear, Garage Faces Side, Guest, Parking Pad
Garage Spaces 2.0
Utilities Available Public
Waterfront false
Roof Type Metal
Parking Type Garage Faces Rear, Garage Faces Side, Guest, Parking Pad
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Corner Lot, Oversized Lot, Paved
Entry Level One
Foundation Crawlspace, Stem Wall
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Asbestos
New Construction false
Construction Status Inspections
Schools
Elementary Schools Memorial Elementary School
Middle Schools Desoto Middle School
High Schools Desoto County High School
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available, VA Loan
Membership Fee Required None
Listing Terms Cash, Conventional, Private Financing Available, VA Loan
Special Listing Condition None
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