For Sale
$425,000

201 17Th StFort Pierce, FL 34950

High-Yield Multi-Family Portfolio in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a three-unit multi-family property located at 201 N 17th Street, Fort Pierce, Florida, 34950. Built in 1936, this special purpose property boasts a total of approximately 2,100 square feet and offers a compelling cash flow potential. The property comprises three rental units: two two-bedroom, one-bathroom apartments currently generating $1,300 and $1,400 in monthly rent respectively, and one one-bedroom, one-bathroom unit rented for $800 per month. This translates to a substantial total monthly rental income of $3,500, or $42,000 annually. The property benefits from long-term tenants, minimizing vacancy concerns and ensuring consistent cash flow. A property manager is available to continue overseeing the property, providing a seamless transition for the new owner. The asking price for this turnkey investment is $425,000. The property's location in Fort Pierce offers convenient access to local amenities and services. This is a rare opportunity to acquire a well-maintained, high-yielding multi-family property with immediate cash flow and the potential for long-term appreciation. Please note that the lot size is not currently available. Serious inquiries only

Property Details for 201 17Th St

Property type
Specialty properties
Year Built
1936

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.4481367
Longitude
-80.341698
201 17Th St, Fort Pierce, Florida

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201 17Th St
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