516 S 5th Street, Fort Pierce FL 34950
8 Unit Efficiency Apartments | Property Flyer
**EASY TO MANAGE** This is a well maintained two-story efficiency apartment building, built in 1925; it has beautiful wood floors, “vintage” bath tubs, Murphy Beds and upgraded electric and plumbing only needs new interior paint and minor repairs. New roof installed 2017 with warranty. Additional features include a car port, enclosed front porch, and a fireplace. It has a projected 14% CAP RATE and it is a zoned commercial area potential for future conversion to commercial use such as offices. Currently has a couple of vacancies available but will lease fast as it is in high demand area. Located just 1 block from US #1.