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216 E MAGNOLIA ST Arcadia, FL 34266
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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,454 sqft
Price per Sqft $79
Subdivision Town/Arcadia
MLS Listing ID A4489542
Sold Date 05/03/21
Construction Status Inspections,No Contingency
HOA Y/N No
Year Built 1954
Annual Tax Amount $6,881
Lot Size 0.330 Acres
Acres 0.33
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.
Location
State FL
County Desoto
Community Town/Arcadia
Zoning B-1
Rooms
Other Rooms Attic, Inside Utility
Interior
Interior Features Ceiling Fans(s), Thermostat, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Laminate, Wood
Fireplaces Type Decorative, Electric
Furnishings Partially
Fireplace true
Appliance Dryer, Electric Water Heater, Range, Refrigerator, Washer
Laundry Inside, Laundry Room
Exterior
Exterior Feature Fence, Lighting, Sidewalk, Storage
Garage Assigned, Common, Covered, Curb Parking, Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Guest, Off Street, Parking Pad
Garage Spaces 1.0
Utilities Available Cable Available, Electricity Available, Electricity Connected, Fire Hydrant, Propane, Public, Sewer Connected, Street Lights, Water Connected
Waterfront false
View City
Roof Type Shingle
Parking Type Assigned, Common, Covered, Curb Parking, Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Guest, Off Street, Parking Pad
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Corner Lot, City Limits, Level, Oversized Lot, Sidewalk, Street Brick, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status Inspections,No Contingency
Schools
Elementary Schools West Elementary School
Middle Schools Desoto Middle School
High Schools Desoto County High School
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Private Financing Available
Listing Terms Cash, Conventional, FHA, Private Financing Available
Special Listing Condition None
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