$10,000
closing credit¹
10586 SW Park Ave Arcadia, FL 34269
Property details
About 10586 SW Park Ave
Turnkey investment opportunity! This 5-acre income-producing property is a rare find, offering five well-maintained homes, each with its own shed, septic system, and electric meter—ensuring easy management and complete tenant independence. The current tenants are long-term and reliable, with each having lived here for at least three years and all on yearly leases, providing steady, hassle-free income. Plus, each tenant takes care of their own lawn, keeping maintenance to a minimum for the owner. Each of the five homes rents for $1,200 per month, creating a strong and consistent cash flow. Additionally, a privately owned home has been on the property for 11 years, paying $400 per month in lot rent—adding an extra stream of income! The homes are in great condition, making this an easy, turnkey investment with no immediate repairs needed. Beyond the current rental setup, this property offers huge potential for investors looking to expand. Whether you choose to keep it as-is and enjoy passive income or explore future development possibilities, the opportunities here are endless. With multiple income streams, reliable tenants, and minimal owner responsibilities, this property is a smart investment that works for you from day one. Don't miss out on this rare multi-home opportunity—reach out today to schedule a showing and secure your next profitable investment!
Highlights
Virtual tour
Summary
- MLS Number: C7504282
- MLS Name: MFRMLS
- Office Name: THE WILLIAMSON GROUP REALTY, I
- Office Phone: (863) 494-9009
- Listing Agent: Brandi Long
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Last updated on: 2/9/2025, 9:19:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$975,000
10586 SW Park Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 03, 2002 | Home Sold | $208,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $509,631 | $8,597 |
| 2022 | $462,173 | $8,597 |
| 2021 | $305,456 | $- |
| 2020 | $282,557 | $4,598 |
| 2019 | $236,908 | $6,986 |
| 2018 | $237,204 | $5,793 |
| 2017 | $218,710 | $- |
History based on county public records data.
Nearby schools
6
Deep Creek Elementary School
Public District PK-5
6.2 mi
•26900 Harbor View Rd
5
Kingsway Elementary School
Public District PK-5
6.8 mi
•23300 Quasar Blvd
3
Nocatee Elementary School
Public District PK-5
8.1 mi
•4846 SW Shores Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,910. Typical income of Arcadia, FL residents is between $35k-100k annually. The majority of families are married, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
NASCAR
Hunting
Where do the neighbors shop?
Stein Mart
Dollar General
Bass Pro Shops
Where do the neighbors go to eat?
Bob Evans
Applebees
Hardee's
What do the neighbors drive?
Buick
Cadillac
GMC
What do the neighbors listen to?
Adult Standards
Classic Country
Oldies
This home is located at 10586 SW Park Ave in Arcadia, FL and zip code 34269. This 5,274 square foot home, which was built in 2005, sits on a 5.00 acre lot. Features: 15 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 3, 2025 and is currently priced at $975,000.
While more than 1 listings in Arcadia, FL in January 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below. The number of listings in Arcadia, FL increased by 1.5% between December and January 2025. Listings spent 43 days on the market in January 2025, and had a median list price of $275,000 during the same period.