216 E Magnolia St., Arcadia, FL 34266

216 E Magnolia St., Arcadia, FL 34266
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$260,000
Sold on 10/01/18
Beds Baths Sq. Ft. Taxes Built
0.00 3,534 $4,574 1954
On the market: 159 days
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THIS IS A WONDERFUL OPPORTUNITY TO LIVE OR WORK ON THE PROPERTY WHILE COLLECTING RENTAL INCOME TO MAKE YOUR MORTGAGE PAYMENTS. PROPERTY IS CURRENTLY SET UP AS A LARGE OFFICE SPACE IN THE MIDDLE AND A RENTAL APARTMENT ON EACH SIDE. THE LARGE OFFICE AREA COULD EASILY BE CONVERTED INTO ANOTHER 2 OR 3 BR/1.5 BATH APARTMENT AND A 1/1 FOR A TOTAL OF 4 RENTAL UNITS. THE EXISTING 3 UNITS ALL HAVE SEPARATE UTILITES AND ACCESS TO A COMMON LAUNDRY ROOM. THIS PROPERTY IS VERY WELL MAINTAINED AND LOCATED WITHIN CONVENIENT WALKING DISTANCE TO DOWNTOWN. NEW ROOF, WINDOWS, SIDING AND MISC. REVOCATIONS IN 2004. 600SF REAR ADDITION IN 2005, 800SF APARTMENT ADDITION IN 2014 AND INTERIOR FLOORS AND BATHROOM UPDATES IN 2016. TURN KEY INCOME PROPERTY. CALL TODAY FOR APPOINTMENT!!!
Listing courtesy of Kaye Mercer, TURNER REALTY, INC.