401 CITRUS AVE, Arcadia, FL 34266
401 CITRUS AVE, Arcadia, FL 34266
401 CITRUS AVE, Arcadia, FL 34266
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$310,000
Est. payment /mo
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4 Beds
2 Baths
1,248 SqFt
New

401 CITRUS AVE Arcadia, FL 34266

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $248

Subdivision A W Gilchrists Sub

MLS Listing ID A4700128

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1984

Annual Tax Amount $1,872

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

**Income-producing investment opportunity in Arcadia, Florida. This tenant-occupied single-family rental is offered exclusively as part of a three-property residential investment portfolio that also includes 326 E. Whidden St. (MLS #A4699801) and 408 E. Maple St. (MLS #A4700131). Offered at $805,000, the portfolio generates $68,400 in combined annual gross rental income, representing an 8.50% gross yield. Each property is located on its own tax parcel, providing ownership flexibility and future disposition options. All three properties are fully leased and are being sold subject to the existing leases. Please do not disturb tenants or enter the property without a confirmed appointment. Buyer is responsible for independently verifying all rental income, lease terms, operating expenses, dimensions, zoning, permits, and all other information deemed material during the due diligence period.

Location

State FL

County Desoto

Community A W Gilchrists Sub

Area 34266 - Arcadia

Zoning R-1C

Interior

Interior Features Other

Heating None

Cooling Wall/Window Unit(s)

Flooring Vinyl

Furnishings Unfurnished

Fireplace false

Appliance Microwave, Range, Refrigerator

Laundry Washer Hookup

Exterior

Exterior Feature Other

Utilities Available Electricity Connected

Water Access No

Roof Type Shingle

Exposure Southwest

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None


Stellar MLS
Listed by Rex Glasson DOUGLAS ELLIMAN

NEARBY SCHOOL & BUSINESS

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Conor J. Green

Conor J. Green

Founder & Team Leader | License ID: 260045563

+1(973) 494-1712

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401 CITRUS AVE