NOT LISTED FOR SALE

7080 SW Highway 17 Arcadia, FL 34269

5 Beds
5 Baths
2,440 Sq Ft
6.35 Acres

Last Sold April 08, 2024

Last sale price $958,760 $393 Per Sq Ft

364 Days on Market

Highlights

  • Parking available for a boat
  • Barn
  • Open Floorplan
  • Guest House
  • View of Trees or Woods
  • Family Room with Fireplace

About This Home

As of April 2024

LET THE PASSIVE RENTAL INCOME PAY YOUR MORTGAGE WITH THIS PROVEN INCOME PRODUCING PROPERTY! - 4 potential income producing rentals with 3 additional outbuildings including a horse barn, a massive shop/garage and a storage building perfect for home office/flex space/workout room all sitting on 6.35 acres. The main home which could be your future primary residence with passive income of over $40,000 per year from the other three rental units- features 3 bedrooms 2.5 bathrooms and the photos speak for themselves! Everything in this home has been upgraded to the standards of a King including a chef's kitchen with propane stove, southern walnut hardwoods, 2022-26 gauge metal roof and yellow pine siding. Any of these units could be converted to short-term rentals such as AirBnB/VRBO style housing and the possibilities of income with that is extensive. The property is eligible for rezoning to either full or partial commercial and/or minor plat to RMF-1 and two additional rental units could be added to the property. The current zoning is Agricultural (A-10) with multifamily use and allows for grazing animals. Do not forget to ask your lender how you can use the current rental income towards your mortgage payment! Just a short distance to Arcadia, Punta Gorda, Port Charlotte and I75 makes this property a perfect rental location with a short commute and the opportunity to live in a country setting. Schedule your showing on this rare investment find today!

Last Agent to Sell the Property

Sarah Whidden

TOWN & COUNTRY PROPERTIES OF FL Brokerage Phone: 863-494-1739 License #3397407 Listed on: 01/27/2023

Last Buyer's Agent

Heather Jorge

KELLER WILLIAMS ISLAND LIFE REAL ESTATE License #3461893

KELLER WILLIAMS ISLAND LIFE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 1948

Lot Details

  • 6.35 Acre Lot
  • Landscaped
  • Level Lot
  • Garden

Parking

  • 5 Car Garage
  • Ground Level Parking
  • Driveway
  • Parking available for a boat
  • RV Garage
  • Golf Cart Garage

Property Views

  • Woods
  • Garden

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Den
  • Bonus Room
  • Crawl Space

Kitchen

  • Built-In Convection Oven
  • Range with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Separate Outdoor Workshop
  • Shed

Schools

  • Nocatee Elementary School
  • Desoto Middle School
  • Desoto County High School

Farming

  • Barn
  • Pasture

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Propane
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Approach with Ramp
  • Guest House
  • Zoned For Horses

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3,862 Sq Ft Building
  • Acreage Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,793

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Wood Frame, Wood Siding
  • Fireplace: Yes
  • Living Area: 2440
  • Lot Size Acres: 6.35
  • New Construction: No
  • Year Built: 1948
  • Accessibility Features: Accessible Approach with Ramp
  • Building Area Total: 3862
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 276606
  • Tenant Pays: Electricity
  • Status: Sold
  • Street Direction: SW
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Building Area Total Srch Sq M: 358.79
  • Escrow City: ARCADIA
  • Escrow State: FL
  • Escrow Street Name: W OAK STREET
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 392.93
  • Total Acreage: 5 to less than 10
  • Water Access YN: 0
  • Attribution Contact: 863-494-1739
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Living Room, Masonry, Other, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood, Tile
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceilings, L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Washer
  • Foundation Details: Crawlspace, Slab
  • Total Bedrooms: 5
  • Levels: One
  • Window Features: Blinds
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Bonus Room,Den/Library/Office,Great Room
  • Living Area Meters: 226.68

Exterior Features

  • Other Structures: Barn(s), Guest House, Shed(s), Storage, Workshop
  • Exterior Features: Balcony, Garden
  • Roof: Metal
  • Pool Private: No
  • View: Garden, Trees/Woods
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Boat, Covered, Driveway, Golf Cart Garage, Ground Level, RV Garage

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Nocatee Elementary School
  • High School: DeSoto County High School
  • Middle Or Junior School: DeSoto Middle School

Lot Info

  • Zoning: A-10
  • Parcel Number: 04-39-24-0000-0010-0000
  • Additional Parcels: No
  • Lot Features: Landscaped, Level, Pasture, Zoned for Horses
  • Property Attached Yn: Yes
  • Flood Zone Code: X AE

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Total Actual Rent: 3000
  • Lease Restrictions YN: 0

Multi Family

  • Gross Income: 36000
  • Number Of Units Total: 4
  • Total Num Buildings: 7
  • Unit Count: 4
  • Est Annual Market Income: 69600.00

Tax Info

  • Tax Annual Amount: 4793.15
  • Tax Block: 010406
  • Tax Lot: -000

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/08/2024 04/08/24 Sold $958,760 -1.6% $393 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
12/07/2023 12/07/23 For Sale $974,000 0.0% $399 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $974,000 -2.5% $399 / Sq Ft
01/27/2023 01/27/23 For Sale $999,000 -- $409 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sarah Whidden

    Seller's Agent in 2024

    Sarah Whidden

    TOWN & COUNTRY PROPERTIES OF FL

    (863) 205-7261

    126 Total Sales

    Sarah Whidden
    Section Image
  • Heather Jorge

    Buyer's Agent in 2024

    Heather Jorge

    KELLER WILLIAMS ISLAND LIFE REAL ESTATE

    (941) 875-5844

    105 Total Sales

    Heather Jorge
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4558385

Stellar MLS

APN: 04-39-24-0000-0010-0000

Florida DeSoto County Arcadia 34266

7080 SW Highway 17, Arcadia, FL

Not Listed for Sale

MultiFamily

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

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