628 MAGNOLIA STREET

ARCADIA, FL 34266

Listing courtesy of RMZ REALTY INC. · MLS# A4700298

$285,000

Active

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Property Details

Units

—

Square feet

1,140

Net income / yr

$30,000

MLS#

A4700298

Listed

July 24, 2026

Description

Two homes, one price, endless possibilities! Nestled in the historic district of DeSoto County, this rare property includes not one but two charming, income-producing houses on a single lot. The main house offers 3 bedrooms and 1 bath, complete with a large, welcoming front porch perfect for enjoying the historic neighborhood, plus a detached carport. The second home is a cozy 2-bedroom, 1-bath with its own detached carport — ideal for a tenant, guests, or extended family. Both homes are currently used as income property, giving buyers true flexibility: live in one and rent the other, or keep both as rentals for maximum cash flow. This is a unique opportunity for investors or owner-occupants alike to own a piece of DeSoto County history with built-in income potential. Don't miss this one-of-a-kind offering! You'll notice road construction going on right in front of the main house — don't let that scare you off! It's wrapping up soon, and once it's done, you'll have brand-new paved roads. Don't miss this one-of-a-kind offering!

Facts & Costs

Property type: Duplex
Net income: $30,000 / year
Zoning: R-1C
Year built: 1946
Lot size: 0.33 acres
Price per sq ft: $250
Days on market: 68
Private pool: No
Waterfront: No
Subdivision: A W GILCHRIST RESUB
County: DeSoto
55+ community: Yes
Flood zone: X

Monthly & yearly costs

Property taxes: $4,140 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating: Central
Cooling: Central Air
Roof: Metal
Construction: Frame

Payment Estimate

$1,786 / month

Principal & interest: $1,441
Property taxes: $345
HOA: $0
Home insurance: enter below

Down payment (20%)$57,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

L Dining
Ninguno
None

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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