101 W Oak Street

    Arcadia, FL 34266
    • $975,000
    • STATUS: Active
    • ON SITE: 291 days
    • MLS #: C7239274
    UPDATED: 19 min ago
    $975,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,080
      SQFT
    • $31
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    Listing information courtesy of United Country Gulfland R.E..

    Description

    Reduced Price! Arcadia's most famous and historic building, the pink Koch Building, has terrific income! The center piece of the thriving tourist antique district of Arcadia. Includes 30-plus rental units including up to 25 one bedroom, one bath residential apartments, two restaurants, two large retail (antique) store fronts, and a Saloon. The building is nearly 100% occupied. P&L provided to pre-qualified buyers upon signing a confidentiality agreement. In 1922, Simon Rosin purchased the property for the Arcade. He secured a ten-year contract with the United States Post Office for the south half of building. In 1926, Rosin hired Contractor Ralph Cannon to build the Arcade at a cost of $112,354.00according to a newspaper article published on May 28, 1926. In 1976, the Koch family closed most of the building as deteriorated and unusable. However, the structure was purchased by the current owner in November 1989, and they restored the building with apartments upstairs and commercial spaces downstairs. This truly a unique opportunity to own a piece of history which has a great income stream.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-02-23T16:43:21.38.
    www.michellechenault.com/homes/72360288

    101 W Oak Street Arcadia, FL 34266

    • Price: $975,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: C7239274
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    31,080
    SQFT
    $31
    $/SQFT
    1926
    Built
    Neighborhood:
    Original Surv/Arcadia
    County:
    Desoto
    Area:
    Arcadia
    Elementary School:
    Memorial Elementary School
    Middle School:
    Desoto Middle School
    High School:
    Desoto County High School
    Property Description
    Reduced Price! Arcadia's most famous and historic building, the pink Koch Building, has terrific income! The center piece of the thriving tourist antique district of Arcadia. Includes 30-plus rental units including up to 25 one bedroom, one bath residential apartments, two restaurants, two large retail (antique) store fronts, and a Saloon. The building is nearly 100% occupied. P&L provided to pre-qualified buyers upon signing a confidentiality agreement. In 1922, Simon Rosin purchased the property for the Arcade. He secured a ten-year contract with the United States Post Office for the south half of building. In 1926, Rosin hired Contractor Ralph Cannon to build the Arcade at a cost of $112,354.00according to a newspaper article published on May 28, 1926. In 1976, the Koch family closed most of the building as deteriorated and unusable. However, the structure was purchased by the current owner in November 1989, and they restored the building with apartments upstairs and commercial spaces downstairs. This truly a unique opportunity to own a piece of history which has a great income stream.
    Exterior Features

    Architectural Style CustomHistoricalVictorian Exterior Construction Block Exterior Features Sidewalk Garage Carport None Garage Features NoneStreet Parking Location Corner LotHistoric DistrictIn City LimitsSidewalkStreet Paved Lot Dimensions 150X225 Pool None Property Description 2 Levels Property Style Five Or More Roof Built UpMembrane Sidewalk Yes Total Acreage 1/2 Acre To 1 Acre Water Access YN No Water Frontage YN No Water View YN No Waterfront Feet 0

    Interior Features

    Air Conditioning CentralZoned/Multiple Heating And Fuel CentralZoned/Multiple

    Property Features

    1 Bed1 Bath Units 21 Additional Parcel YN No Auction YN No Building Name Number Historic Koch Building Cdd YN No Efficiencies Units 21 Efficiency Avg Rent 425 Financing Available CashConventional Flood Zone Code X Hoa Comm Association None Homestead YN No Housing For Older Persons N/A Internet YN Yes Lease Terms 1 To 2 Years3 To 5 YearsTenant Pays ElectricTenant Pays Water Lot Number 1 New Construction No Pets Allowed YN No Realtor Info Brochure AvailableDocs AvailableFloor Plan AvailableLead Paint DisclosureOther Disclosures-Contact AgentSold As-IsTenant Occupied Special Sale Provision None Sq Ft Source Public Records Tax Year 2016 Taxes 14178 Utilities City WaterElectricFire HydrantSewerSprinkler MeterStreet Lights Zoning B-2

    Listing information courtesy of United Country Gulfland R.E..
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-02-23T16:43:21.38.
    Chenault Group
    468 Mandalay Ave.
    Clearwater Beach FL, 33767
    Listing information courtesy of United Country Gulfland R.E..