404 N 23rd St, Fort Pierce, FL

$850,000

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5,328

Square feet

0.61

Acres

About 404 N 23rd St

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!

Features of 404 N 23rd St

MLS® # RX-10949080
Price $850,000
Square Footage 5,328
Acres 0.61
Year Built 1984
Type Commercial
Sub-Type Income
Style Resident. Multi-Fam.
Status Active

Community Information

Address 404 N 23rd St
Area 7070
Subdivision ALAMANDA VISTA SUBDIVISION
City Fort Pierce
County St. Lucie
State FL
Zip Code 34950

Amenities

Utilities Public Sewer, Public Water
Is Waterfront No

Interior

Appliances Building and Land
Heating Central Building
Cooling Central
# of Stories 1

Exterior

Lot Description Sixplex
Roof Comp Shingle
Construction CBS

Additional Information

Zoning Medium
RE / Bank Owned No

Listing Details

OfficeEXP Realty, LLC

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