16-Unit Multifamily Investment | FOR SALE

3261 South US Highway 1, Fort Pierce, FL

$2,700,000

Price

8.13%

Cap Rate

$219,479

NOI

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Street
Map
Overview
Cap Rate
8.13%
NOI
$219,479
Building Size
14,057 sqft
Lot Area
3.32 acres
Occupancy
100%
Units
16
GRM
9.77
Year Built
1949-1983
Price Per Sqft
$192.08
Price Per Unit
$168,750
Zoning
CO
Highlights
  • Incredible Investment Opportunity: This remarkable property boasts not one, not two, but four contiguous parcels, offering a total of 16 units and a spacious outdoor storage barn. Situated between S 7th Street and S US Highway 1, this prime location is easily accessible via a private road, making it a highly sought-after investment opportunity for savvy buyers
  • Diverse Unit Options: With a mix of single and double units, this property provides a range of options to cater to various tenant needs. Whether you're targeting individuals or families, this multi-family property has the flexibility to accommodate a wide range of tenants, ensuring a steady stream of income for the discerning investor.
  • Low Maintenance, High Returns: Investing in this property means investing in peace of mind. The residences have been meticulously maintained, making property management a breeze. Additionally, some units have undergone interior renovations, adding value and attracting tenants who appreciate modern comforts. With minimal effort required to keep the property in top condition, you can focus on maximizing your return on investment.
  • Profitable Potential: The ultimate goal of any investment is to generate a substantial return, and this property delivers just that. With its exceptional income-producing potential, you can expect a steady cash flow that will keep your investment growing. Whether you're a seasoned investor or new to the game, this property offers an excellent opportunity to capitalize on the booming real estate market and secure a profitable future.
Documents
Title
Offering Memorandum
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Location
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