Rare opportunity to buy two 4 unit apartment buildings in ideal location!

Fort Pierce, FL 34982, FL 34982, USA 0

$1,050,000 After Repair Value -
$925,000 Asking Price -
$20,000 Cost of Repairs =
$105,000 Potential Profit

Property Details

Asking Price $925,000

After Repair Value $1,050,000

Costs of Repairs $20,000

Potential Profit $105,000

Living Area 1063 ft2

Property Type Multiple / Combo

Bedrooms +6

Bathrooms +6

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Rare opportunity to buy two 4 unit apartment buildings in ideal location! A total of eight large two story 2 bedroom 2 bath fully rented units in great condition! Over 8 percent cap rate with rents under value, both buildings are CBS construction one with a new metal roof, 7 of 8 units have new AC All units have new appliances All units have new hurricane protection that is unit self sufficient All units have new kitchens All units have tiled first floors and carpet on stairs and bedrooms All tenants have been in place more than one year to twenty years All units are currently on a month to month agreement *under market value rents All units are private pay, no subsidy. SERIOUS INQUIRES ONLY* CA$H or HARD MONEY ONLY! Location: Fort Pierce, 34957 Price:$925,000 ARV:$1,000,000-$1,050,000 Cap rate: 8.285 Rehab Estimate:$5,000-20,000K Estimated Rent $1200-$1350 NO RESTRICTIONS 16 bedroom 16 bath 1063 Living SF Each unit CBS Construction Well water Septic Lot Size- 0.78 Acres Year Built-1976 *CA$H OR HARD MONEY ONLY *$20,000 Non refundable deposit *A member of Workman Properties & Investments is a licensed broker associate *Property sold AS-IS with NO inspection Period; Please inspect first. *Buyer pays all closing costs for buyer and sellers *Rehab estimates, projected rent, and ARV are ESTIMATES based upon the analysis and opinion of Workman Properties & Investments LLC, actual repair cost, rent, and/or ARV may vary.

Repairs Needed



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