NOT LISTED FOR SALE

10/12/14 N Desoto Ave Arcadia, FL 34266

-- Bed
-- Bath
7,901 Sq Ft
0.37 Acres

Last Sold May 10, 2022

Last sale price $538,690 $68 Per Sq Ft

5 Days on Market

Highlights

  • High Ceiling
  • Cooling System Mounted To A Wall/Window
  • Outdoor Storage
  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of May 2022

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!

Last Listed By

Ronda Woppman

TOWN & COUNTRY PROPERTIES OF FL License #3130236 Listed on: 04/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,061

Year Built

  • Built in 1929

Lot Details

  • 16,000 Sq Ft Lot
  • Lot Dimensions are 115x115
  • Additional Parcels

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 7,901 Sq Ft Home
  • High Ceiling
  • Ceiling Fan

Flooring

  • Carpet
  • Tile
  • Vinyl

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 13 / 1
  • Assessor Parcel Number 25-37-24-0012-0010-0120

Community Details

Overview

  • No Home Owners Association
  • 10,182 Sq Ft Building
  • Arcadia Subdivision

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,061

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Brick
  • Fireplace: No
  • Living Area: 7901
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1929
  • Building Area Total: 10182
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 16000
  • Number Of Lots: 3
  • Tenant Pays: Electricity
  • Directions to Property: From downtown Arcadia at Oak Street and Highway 17 North, go West on Oak Street, go right onto access road just before Highway 17 South, building is on the right.
  • Status: Sold
  • Street Direction: N
  • Unit Count: 4
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 8639900768
  • Ratio: Close Price\List Price: 1.02608
  • Price per Sq Ft: 68.18
  • Close to Original List Price Ratio: 1.02608
  • Ratio: Current Price\Building Area Total: 52.91
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s)
  • Foundation Details: Slab
  • Levels: Two
  • Street Number Modifier: 10/12/14
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Storage
  • Roof: Built-Up
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No

Lot Info

  • Zoning: B-3
  • Parcel Number: 25-37-24-0012-0010-0120
  • Additional Parcels Description: 25-37-24-0012-0010-0116,25-37-24-0012-0010-0115
  • Additional Parcels: Yes
  • Lot Dimensions: 115x115
  • Flood Zone Code: x

Rental Info

  • Total Actual Rent: 3000

Multi Family

  • Gross Income: 36000
  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 2061.48
  • Tax Block: 1
  • Tax Lot: 13

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $538,690 +2.6% $68 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $525,000 -- $66 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ronda Woppman

    TOWN & COUNTRY PROPERTIES OF FL

    (863) 990-0768

    62 Total Sales

    Ronda Woppman
    Section Image
  • Brandi Long

    Buyer's Agent in 2022

    Brandi Long

    THE WILLIAMSON GROUP REALTY, I

    (863) 990-7256

    523 Total Sales

    Brandi Long
    Section Image
  • Michelle Williamson

    Buyer Co-Listing Agent in 2022

    Michelle Williamson

    THE WILLIAMSON GROUP REALTY, I

    (863) 494-9009

    182 Total Sales

    Michelle Williamson
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4531020

Stellar MLS

Florida DeSoto County Arcadia 34266

10/12/14 N Desoto Ave, Arcadia, FL

Homes for Sale in Arcadia, FL

This home is located at 10/12/14 N Desoto Ave, Arcadia, FL 34266 since 08 April 2022. This property was built in 1929. 10/12/14 N Desoto Ave is a home located in DeSoto County with nearby schools including Memorial Elementary School, DeSoto Middle School, and DeSoto County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393