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1956 SE Cherry Dr
For Sale $2,399,000 ($1,279.47 per Sq Ft)
$2,399,000 ($1,279.47 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 1,875 Sq Ft
- 85,377 Sq Ft
Description
5 INCOME DUPLEX with 10 TOTAL UNITS, almost 2 ACRES OF LAND, in the GREAT COMMUNITY of FOREST PINE ESTATES! This profitable rental property is FULLY LEASED. All units have a Range, Refrigerator, and Microwave along with central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the five duplexes were built in 2015. Even more, the two duplexes built in 1985 have newer METAL ROOFS plus the vacant land behind the 2 duplexes is cleared and is perfectly buildable land. Both properties are in excellent condition with city water, but NO CITY TAXES. The property is close to great schools, and near town with the best shopping and entertainment that Arcadia has to offer. A full breakdown of property tax, insurance, and income is attached to the listing! This property currently has a cap rate of almost 8%. This is a PHENOMENAL INVESTMENT OPPORTUNITY! Schedule your showing today!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,399,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,875 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1985 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 063825012000G00030 |
| MLS # | C7467851 |
| Property ID | 319307289 |
| Lot Sqft | 85,377 |
| Zoning | RMF-M |
| Total Units | 10 |
| Days on Market | 724 |
| Original List Price | $2,400,000 |
| Applicances | Microwave, Range, Refrigerator% |
| Date Updated | September 27, 2024 |
| Date Created | November 30, 2022 |
Listing Provided By
Savannah Sheppard an agent of . Lic #3368631
© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of September 27, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT