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404 23rd, Fort Pierce, FL 34950

Commercial For Sale
$850,000

BTC: 12.68656716

ETH: 276.05738096

-$29K (2024/04/06)
130 days
0 room(s)
5,328 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Invest in this rare 6-unit property in Fort Pierce and secure a robust stream of passive income! Each unit, currently rented at or near full market value, offers 2 bedrooms and 1 bathroom. With separate power and water services, and a roof replaced in 2020, this is a low-maintenance investment. Perfectly positioned between Orlando and Miami on the East Coast, Fort Pierce is a strategic investment locale. With projects like King's Landing, Fisherman's Wharf, and Boardwalk on the Inlet underway, the area is poised for growth. Once upcoming rent increases take effect, you're looking at an attractive 8% Cap rate. Don't miss out on this excellent opportunity!

Location

Florida • Fort Pierce • 34950 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1984
Lot:
No Data
Heating:
No Data
Price/sqft:
$160
Cooling:
No Data
HOA:
No Data
All facts and features

  • Other Property Information

    • Parcel Number: 240960200600007

    • Zoning: Medium

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $14,730

  • Source details

    • MLS ID: RX-10949080

    Other facts

    • Direction Faces: From Orange Avenue, N on N 28th Street, property on the right.

    • Garage: Yes

    • Living Area: 5328

    • Subdivision Name: ALAMANDA VISTA SUBDIVISION

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches 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: EXP Realty, LLC