Woodland Condominiums - 4.25% Seller Financing Available

Highlights:

• Seller Financing Being Offered at 4.25%
• Washer & Dryer Hookups & Private Patio/Balcony In Each Unit
• All Roofs Replaced In September of 2021
• Located In the Vastly Expanding City of Fort Pierce
• Central Air Conditioning Throughout

Description:

Marcus & Millichap, as exclusive listing agent, is proud to present to market 11 condominiums located within the Woodland Condominiums Association located in Fort Pierce, Florida.

The offering consists of 7 two-bedroom / one-bathroom units and 4 one-bedroom / one-bathroom units. The association has 3 buildings totaling 51 units, all of which were built in 1981 with concrete block construction and central air conditioning. All of the roofs were replaced in September of 2021 with metal mansard. Every unit has washer & dryer hookups as well as a private patio/balcony.

Located just south of Virginia Avenue, the property offers access to both Interstate-95 & the Florida’s Turnpike and is also located just down the street from Indian River State College's Massey Campus. The city of Fort Pierce has been experiencing a plethora of development, specifically the King’s Landing project located off of North Indian River Drive in downtown Fort Pierce. This state-of-the-art
development will consist of 116 residential units (106 condos and 10 townhomes), a 140-room hotel, 35,000 square feet of restaurant space, 17,000 square feet of retail space, and over 300 parking spaces between a garage and surface spots.

Seller financing is available and being offered at 47% down (54% LTV) with 4.25% interest only (IO) for the first three years and then 6% interest only (IO) for the following 3 years.

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