Arcadia, FL 34266,216 E MAGNOLIA ST
Arcadia, FL 34266,216 E MAGNOLIA ST
Arcadia, FL 34266,216 E MAGNOLIA ST
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$275,000

$319,000

13.8%
Est.Price: ?

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Est. payment /mo

3,454 SqFt


SOLD DATE : 05/03/2021

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

Parking Features 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

View City

Roof Type Shingle

Porch Front Porch

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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Stellar MLS
Listed by RE/MAX PALM REALTY
Bought with RE/MAX PALM REALTY
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