Price Reduced 3.30%
Price History
$879,000
1/10/2024
$850,000
4/7/2024
404 N 23rd Street, Fort Pierce, FL, 34950
1984
5,328 sqft
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!
Status:
Active
Type:
Commercial
Units:
6
Zoning:
Medium
Complex:
ALAMANDA VISTA SUBDIVISION
Building Type:
Resident. Multi-Fam.
Heating:
Central Building
Cooling:
Central
Levels:
1
Acreage:
0.61
Est. Taxes:
$14,730
Current Use
Income
Construction
CBS
Utilities
Public Sewer,Public Water
Lease Term Type:
Annual
Owner Pays:
Electric,Sewer,Water
MLS #:
RX-10949080
Community Info
School Info
Walk Score
Yelp
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