Income Duplexes on Two
For Sale
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1956 SE Cherry Dr, Arcadia, FL 34266
Ten-unit income property on almost two acres in Arcadia, Florida.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market99
Property Features for 1956 SE Cherry Dr
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Multifamily
Zoning
Multi Family
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1985
Buildings
5
Stories
1
Units
10
Listing Agency:
Savannah Sheppard
(941) 807-4304
Listed By:
Savannah Zarris (Sheppard) · License #3368631
Source:
Crexi
Added: May 13
Changed: Aug 14
Last Checked: Aug 14 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Savannah Sheppard
Investment Insights
Based on property information with market context.
This income-producing property features five duplexes, totaling ten units, situated on almost two acres of land within the Forest Pine Estates community. The property is fully leased, offering a profitable rental opportunity. Each unit is equipped with a range, refrigerator, microwave, and central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the duplexes were constructed in 2015, while the remaining two, built in 1985, feature newer metal roofs. The vacant land behind these two duplexes has been cleared and is suitable for building. Both properties are in excellent condition and utilize city water, while benefiting from the absence of city taxes. The location offers proximity to schools and the shopping and entertainment options available in Arcadia. A breakdown of property tax, insurance, and income is available.
Key Highlights
- 5 income duplexes (10 total units) - provides substantial rental income.
- Almost 2 acres of land - offers potential for expansion or development.
- Fully leased - ensures immediate income upon purchase.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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Demographics for 34266, FL
28,827
Population
12,302
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
70%
High-School Grad
578.1 sq mi
ZIP Area
50
Density / Sq Mi
$47,414
Median Household Income
$33,827
Median Earnings
$907
Median Rent
$144,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ten-unit income property on almost two acres in Arcadia, Florida.
Where is this duplex located?
The property is located at 1956 SE Cherry Dr Arcadia, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 5 income duplexes (10 total units) - provides substantial rental income.; Almost 2 acres of land - offers potential for expansion or development.; Fully leased - ensures immediate income upon purchase.
