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1287 PIERCE STREET

Multi-family Recently Sold
$1,315,000

BTC: 13.34625129

ETH: 394.18465228

Sold on: 2022-04-25
4 days
0 room(s)
5,590 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Great investment opportunity! In the last five years we have run about a 98% occupancy rate. The only vacancy periods during the last five years have been for renovation work when a tenant has moved out. These units have been very easy to rent (as we are currently renting well under market) and as a result we have experienced little turnover while maintaining a strong tenant base. The property consists of two well-maintained, concrete block buildings. The first is a two-story building which houses three units on each floor. The second building is a duplex design. There are a total of seven Two-Bedroom units and one One-Bedroom unit in all, each containing One Bathroom apiece. All eight units are tiled and have central A/C. They are also separately metered for water/electric which is paid by the tenant (trash included). In addition, the property has its own laundry facilities on site that produces additional income. The property provides ample parking for its tenants. Conveniently located just 1.5 miles from the nearest shopping center and 3.5 miles to the beach. This property is not in a flood zone and flood insurance is not required for bank lending.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1960
Lot:
0.31 Acres
Heating:
Central
Price/sqft:
$233
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ninguno

  • Property

    • Levels: Two

    • Exterior Features: Other

    Lot

    • Lot: 0.31 Acres

    Other Property Information

    • Parcel Number: 152915385740060020

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $10,810

  • Source details

    • MLS ID: A4530737

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Living Area: 5590

    • Water Source: Private

    • Lot Size Dimensions: 100 x 122

    • Subdivision Name: HIBISCUS GARDENS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: STARZ REAL ESTATE, LLC