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3625 S US Highway 1, Fort Pierce FL 34982

3625 South US Highway 1, Fort Pierce, FL, 34982
Sold

Property Details

  • Property Type: Hospitality, Multi-Family
  • Availability: Sold
  • Transaction Type: Sold
  • Building Size: 8,241 SF
  • Lot Size: 1.51 AC
  • Zoning Description: C-3
  • Frontage: 165'

Property Description

21-Unit Multifamily Investment

  • Jeremiah Baron & Co. is pleased to present an exceptional purchase opportunity consisting of a 21-room multi-family property with a 1 bed / 1 bath house located just off S US Highway 1 in Fort Pierce, FL.
  • Site features include a pool, expansive yard space, and a common area for food service and lounge.
  • The interior and exterior of the property was previously renovated back in 2015 with additional improvements taking place during 2021 that will include a new septic and landscaping. Completed improvements include a new roof and a freshly painted exterior.
  • Situated on a 1.51 acre land with additional land in the rear that could be potentially be purchased.
  • There is a motel license in place makes for quick 1 day evictions, plus the benefit of zero headaches with an on-site property manager.
  • This location was previously approved by the City of Fort Pierce for a treatment center.
  • Centrally located in the city of Fort Pierce, quick 12 minute commute to the I-95 access ramp and Florida’s Turnpike and less than 10 miles away from parks and beaches.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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