10586 SW Park Ave Arcadia, FL 34269
Estimated payment $5,567/month
Highlights
- Open Floorplan
- Laundry Room
- Central Heating and Cooling System
- No HOA
- Outdoor Storage
- Ceiling Fan
About This Home
Turnkey investment opportunity! This 5-acre income-producing property is a rare find, offering five well-maintained homes, each with its own shed, septic system, and electric meter—ensuring easy management and complete tenant independence. The current tenants are long-term and reliable, with each having lived here for at least three years and all on yearly leases, providing steady, hassle-free income. Plus, each tenant takes care of their own lawn, keeping maintenance to a minimum for the owner. Each of the five homes rents for $1,200 per month, creating a strong and consistent cash flow. Additionally, a privately owned home has been on the property for 11 years, paying $400 per month in lot rent—adding an extra stream of income! The homes are in great condition, making this an easy, turnkey investment with no immediate repairs needed. Beyond the current rental setup, this property offers huge potential for investors looking to expand. Whether you choose to keep it as-is and enjoy passive income or explore future development possibilities, the opportunities here are endless. With multiple income streams, reliable tenants, and minimal owner responsibilities, this property is a smart investment that works for you from day one. Don't miss out on this rare multi-home opportunity—reach out today to schedule a showing and secure your next profitable investment!
Listing Agent
THE WILLIAMSON GROUP REALTY, I Brokerage Phone: 863-494-9009 License #3347368 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,588
Year Built
- Built in 2005
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 5,274 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Window Treatments
- Crawl Space
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
Additional Features
- Outdoor Storage
- 5 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 23-39-23-0000-0050-0000
Community Details
Overview
- No Home Owners Association
- 5 Units
- 5,574 Sq Ft Building
Building Details
- 5 Separate Electric Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,597 | $591,168 | $100,000 | $491,168 |
| 2023 | $8,597 | $509,631 | $100,000 | $409,631 |
| 2022 | $8,597 | $316,359 | $0 | $0 |
| 2021 | $7,679 | $305,456 | $40,000 | $265,456 |
| 2020 | $7,256 | $282,557 | $40,000 | $242,557 |
| 2019 | $6,987 | $280,643 | $40,000 | $240,643 |
| 2018 | $3,874 | $237,204 | $0 | $237,204 |
| 2017 | $5,794 | $218,710 | $0 | $218,710 |
| 2016 | $0 | $183,919 | $0 | $183,919 |
| 2015 | -- | $161,812 | $0 | $161,812 |
| 2014 | -- | $157,933 | $0 | $157,933 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2025 03/08/25 | Price Changed | $895,000 | -8.2% | $170 / Sq Ft |
| 02/03/2025 02/03/25 | For Sale | $975,000 | -- | $185 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $208,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | Commercial | |
| Closed | $57,600 | Commercial | |
| Previous Owner | $420,000 | Commercial | |
| Previous Owner | $57,600 | Commercial | |
| Previous Owner | $156,000 | No Value Available |
Source: Stellar MLS
MLS Number: C7504282
APN: 23-39-23-0000-0050-0000
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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