404 N 23rd Street
Fort Pierce, FL 34950

Property

Ownership: Commercial
Type: Multi-Family
Area: 7070 sq ft

Financials

Price: $850,000
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Courtesy of EXP Realty, LLC

Description

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!

Unbranded Virtual Tour: https://www.propertypanorama.com/404-N-23rd-Street-Fort-Pierce-FL-34950/unbranded

Invest in this rare 6 unit property in Fort Pierce and secure a robust stream of passive income !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.