Arcadia, FL 34266,10/12/14 N DESOTO AVE
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Arcadia, FL 34266,10/12/14 N DESOTO AVE
Arcadia, FL 34266,10/12/14 N DESOTO AVE
Arcadia, FL 34266,10/12/14 N DESOTO AVE
Arcadia, FL 34266,10/12/14 N DESOTO AVE

$538,690

Est. payment /mo

$525,000

2.6%
Est.Price: ?

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10/12/14 N DESOTO AVE Arcadia, FL 34266

7,901 SqFt

SOLD DATE : 05/10/2022

Key Details

Sold Price $538,690

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,901 sqft

Price per Sqft $68

Subdivision Arcadia

MLS Listing ID A4531020

Sold Date 05/10/22

Construction Status Inspections

HOA Y/N No

Year Built 1929

Annual Tax Amount $2,061

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 115x115

Property Description

10 Units *** Multi-family / Retail mixed-use commercial investment opportunity!! Here's your chance to own a piece of history AND build your portfolio! Offered for sale is the J.L Jones building in downtown Arcadia. This gorgeous piece of architecture is situated in the heart of downtown and is surrounded by 2 major highways making it a prime location! The properties retail space, office space and residential rental income potential provides for a diversified income stream. The ground floor units have all been updated and are currently leased by commercial tenants which include a tax professional, barber shop, florist and cafe. The second floor has been leased as both office spaces and residential rental units in years past. 2 units are 2/1 apartments with full kitchens and the remaining units are currently set up as efficiencies or office space but could easily be converted to full apartment living. The second level is a blank slate to create spaces to meet your income needs! Did you say Airbnb, VRBO, how about a bed and breakfast? Arcadia is known for its quaint downtown area including antique shops, the Oak Street Market which takes place twice a month and numerous festivals held year around. This property sits right in the heart of all the activities and shopping Arcadia Main Street has to offer, making it a great investment for short term rental units. Come visit this historic gem, take a stroll down Oak Street and make an offer on your future investment!

Location

State FL

County Desoto

Community Arcadia

Zoning B-3

Interior

Interior Features Ceiling Fans(s), High Ceilings

Heating Central

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace false

Exterior

Exterior Feature Storage

Utilities Available BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected

Waterfront false

Roof Type Built-Up

Garage false

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by TOWN & COUNTRY PROPERTIES OF FL
Bought with THE WILLIAMSON GROUP REALTY, I

Eric English

Advisor | License ID: SL3493985

+1(352) 308-7111

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