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404 N 23rd Street

Fort Pierce, FL 34950

FOR

SALE

$850,000

For Sale

1984

Yr. Built

MLS# RX-10949080

Cumulative Days on Market: 107 (since January 11th, 2024) Data provided by the MLS.

Property Details

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!

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Property Highlights

Status

For Sale

MLS Status

Active

Price

$ 850,000

Property Type

Commercial

Property Subtype

MultiFamily (5+ Units)

Year Built

1984

Location

Subdivision

Alamanda Vista Subdivision

County

St. Lucie

Heating, Cooling & Utilities

Heat

Central Building

Cooling

Central

Utilities

Public Sewer, Public Water

Features

Flooring

Tile

Building Details

Construction

CBS

Type of Building

Resident. Multi-Fam.

Roofing

Comp Shingle

Lot

Zoned

Medium

Taxes & Terms

Terms

Cash, Conventional

Lease Term

Annual

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Listed by Exp Realty, LLC

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Property History

21 days ago

Property information last updated

22 days ago

Date of last price change

107 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 107. Data provided by the MLS.

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All rights reserved. Information deemed reliable but not guaranteed. All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc.

Listing Data last updated: 04/25/2024 11:15 PM

404 N 23rd Street - MLS#RX-10949080 - $850,000

Listed by Exp Realty, LLC, Ethan Mcauliffe Pa

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