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    216 E Magnolia Street

    Arcadia, FL 34266
    • $319,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: A4489542
    UPDATED: 8 min ago
    $319,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,454
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Information

    Elementary School:
    Middle School:

    Description

    ** BACK ON MARKET *** HERE'S YOUR CHANCE TO live and work under the same roof OR Lease it all out. Either way - you have options with this one. ***THREE separate professional OFFICES **** in the front of the building with ****THREE EXISTING RENTALS****** TWO 2 bedroom/1 bath units and ONE 1 BEDROOM/1 BATH efficiency on the rear side of the building with plenty of parking to accommodate. Separate detached garage for storage or business purposes. Great location right on Highway 70 east in Arcadia. With rezoning, the large front offices MAY be converted (please check w Planning and Zoning) into another 2 br/1.5 bath apartment for a total of 4 single family rental units. The existing three units all have separate utilities and access to a common laundry room, garage is detached with an electric door and entrance on side street - Property is partially fenced. Excellent maintenance and located within a short distance to the courthouse, historic downtown, hospital, shopping, and restaurants. New roof, windows, siding, and misc. renovations in 2004. A 600 sf rear addition in 2005, 800 sf apartment addition in 2014, and interior floors and bathroom updates in 2016. Turn key income property. Call today for an appointment - this incredible investment opportunity simply WILL NOT LAST. Being offered as is.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. 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 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. Data last updated 2021-03-06T18:40:54.003.
    www.newhomepartnersfl.com/homes/113621579
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    216 E Magnolia Street Arcadia, FL 34266

    • Price: $319,000
    • Status: Active
    • Updated: 8 min ago
    • MLS #: A4489542
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    3,454
    SQFT
    $92
    $/SQFT
    1954
    Built
    Neighborhood:
    Town/Arcadia
    County:
    Desoto
    Area:
    Arcadia
    Elementary School:
    West Elementary School
    Middle School:
    Desoto Middle School
    High School:
    Desoto County High School
    Property Description
    ** BACK ON MARKET *** HERE'S YOUR CHANCE TO live and work under the same roof OR Lease it all out. Either way - you have options with this one. ***THREE separate professional OFFICES **** in the front of the building with ****THREE EXISTING RENTALS****** TWO 2 bedroom/1 bath units and ONE 1 BEDROOM/1 BATH efficiency on the rear side of the building with plenty of parking to accommodate. Separate detached garage for storage or business purposes. Great location right on Highway 70 east in Arcadia. With rezoning, the large front offices MAY be converted (please check w Planning and Zoning) into another 2 br/1.5 bath apartment for a total of 4 single family rental units. The existing three units all have separate utilities and access to a common laundry room, garage is detached with an electric door and entrance on side street - Property is partially fenced. Excellent maintenance and located within a short distance to the courthouse, historic downtown, hospital, shopping, and restaurants. New roof, windows, siding, and misc. renovations in 2004. A 600 sf rear addition in 2005, 800 sf apartment addition in 2014, and interior floors and bathroom updates in 2016. Turn key income property. Call today for an appointment - this incredible investment opportunity simply WILL NOT LAST. Being offered as is.
    Exterior Features

    Attached Garage Yn No Carport Spaces 1 Carport Yn Yes Construction Materials BlockWood Frame Exterior Features FencedLightingSidewalkStorage Foundation Details Slab Lot Features Corner LotHighwayIn City LimitsLevel/FlatOversized LotSidewalkStreet BrickStreet Paved Other Structures Workshop Parking Features AssignedCommonCoveredCurb ParkingDrivewayGarage Door OpenerGarage Faces SideGround LevelGuestOff StreetParking Pad Patio And Porch Features Front Porch Pool Private Yn No Roof Shingle View City Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms AtticInside Utility Appliances DryerElectric Water HeaterRangeRefrigeratorWasher Cooling Central Air Fireplace Features DecorativeElectric Fireplace Yn Yes Flooring Ceramic TileLaminateWood Furnished Partially Heating CentralElectric Interior Features Ceiling Fans(S)ThermostatWindow Treatments Laundry Features InsideLaundry Room Levels One Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Expenses 9200 Annual Net Income 31600.00 Association Yn No Available For Lease Yn No Cdd Yn No Disaster Mitigation Above Flood Plain Disclosures Seller Property Disclosure DPR Yes Flood Zone Code X Garage Yn Yes Homestead Yn No Lease Term 12 Months Listing Terms CashConventionalFhaPrivate Financing Available New Construction Yn No Pet Restrictions See Municipality Pet Restrictions. Pets Allowed Yes Planned Unit Development Yn No Property Condition Completed Property Description Walk-Up Property Sub Type Quadruplex Realtor Info Brochure AvailableCurrently Leased Security Features Smoke Detector(S) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 6881.27 Tax Year 2020 Total Actual Rent 3400 Total Num Buildings 2 Utilities Cable AvailableElectricity AvailableElectricity ConnectedFire HydrantPropanePublicSewer ConnectedStreet LightsWater Connected Zoning B-1


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Re/Max Palm Realty.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. 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 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. Data last updated 2021-03-06T18:40:54.003.
     
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