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709 N 17th Ave
Arcadia, FL 34266
Arcadia Cove · Multifamily Property For Sale
·
50 Units
PROPERTY FACTS
| No. Units | 50 | Lot Size | 3.13 AC |
| Property Type | Multifamily | Building Size | 32,215 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2020 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Zoning | R-4 - Residential Multi-Family | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.13 AC |
| Building Size | 32,215 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2020 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R-4 - Residential Multi-Family |
AMENITIES
UNIT AMENITIES
- Office
SITE AMENITIES
- Laundry Facilities
ABOUT 709 N 17TH AVE , ARCADIA, FL 34266
Please Download the SALES BROCHURE by clicking through the link below under Attachments! Stonegate Apartments is a 50 unit garden-style apartment complex located in Arcadia, Florida. This community was originally built in 1983/1984 with wood-frame construction and pitched shingle roofs. The unit mix consists of 40 one-bedroom/one-bathroom units, 8 two-bedroom/one-bathroom units, and 2 two-bedroom/two-bathroom units. All of the tenants pay for their own water, electricity, trash and sewage!! This property is currently generating approximately $19,000 in monthly income BUT the property needs work... " All 8 roofs need replacing soon " Parking lot needs to be resurfaced " 9 units need rehab to be rentable (otherwise fully occupied w/ waiting list) The seller is motivated and looking for the fastest closing possible. Preferably cash offers. Stonegate Apartments is located directly across the street from DeSoto County High School which has a yearly attendance of approximately 1,200 students between the grades 9-12. In addition to being across the street from the High School, Stonegate is also next to South Florida State College. Also within 1 mile of the subject property, there is the DeSoto County Middle School, DeSoto Memorial Hospital, and Civic Center. Stonegate Apartments is located in the best possible location in Arcadia and should always stay 100% occupied.
PROPERTY TAXES
| Parcel Number | 31-37-25-0016-8010-0020 | Improvements Assessment | $2,596,425 |
| Land Assessment | $102,290 | Total Assessment | $2,698,715 |
PROPERTY TAXES
