Price Reduced 3.30%


Price History

$879,000
1/10/2024

$850,000
4/7/2024


404 N 23rd Street, Fort Pierce, FL, 34950

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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