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6 SFH on One Lot in Ft. Pierce Under $50k a Door



$299,900

SOLD

2506 Ave D

Ft. Pierce, FL

  • This is an investors dream property!!!
  • Tenants pay their own water and electric. Owner only pays for insurance and taxes.
  • 6 SFH homes on one lot.
  • All 6 units are rented with leases.
  • Property is currently bringing in $4,250 per month.
  • Cap Rate is 17%.
  • All units are turnkey but any upgrades could bring higher rents.
  • Two of the units 3/1's and four of the units are 2/1's.
  • Rental Breakdown
    504 A North 26th St:$700 per month
    2508 Ave D:$600 per month
    504 B North 26th St:$700 per month
    506 N 26th St Unit B:$700 per month
    2506 Ave D:$900 per month
    506 N 26th St Unit A:$650 per month

Documents

 

  • Sale Comps $425K - $450K
  • Rental Comps $4,250 - $4,500
  • Property Type Residential
  • Location Ft. Pierce, FL 34950
  • Size 3360 sq. ft.
  • Bedrooms 14
  • Bathrooms 6
  • TAV 175.9K
  • Annual Taxes $3,587
  • Year Built 1950

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