For Sale
$217,300

2105 Avenue QFort Pierce, FL 34950

Eight-unit rental portfolio, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of eight rental units in Fort Pierce, Florida, offering a compelling return on investment. The portfolio comprises a four-unit quad-plex and four single-family homes, strategically located throughout the city. The quad-plex boasts a total of 1,278 square feet and features a mix of one, two, and three-bedroom units. The four single-family homes range in size and configuration, including three-bedroom, one-bathroom units, and a three-bedroom, two-bathroom home with a large den. The total square footage across all eight units is 1,278 square feet. Currently operating at 100% occupancy, the portfolio generates a substantial pro-forma net operating income (NOI) of $23,928, resulting in an attractive pro-forma capitalization rate of 11.01%. The asking price for this turnkey investment is $217,300, translating to a price per square foot of $170.03. This portfolio offers a rare opportunity to acquire a well-performing, multi-family investment property with significant potential for future growth in a desirable Florida market. Individual unit addresses and specific square footages vary. This is a cash-flowing investment ready for an immediate return. The property is located in St. Lucie County, Florida, and offers a strong rental market.

Highlights

  • Eight-unit rental portfolio in Fort Pierce, FL, offering strong cash flow.
  • Portfolio includes a four-unit quad-plex (1,278 sq ft) and four single-family homes.
  • Currently 100% occupied, generating $23,928 annual NOI and an 11.01% cap rate.
  • Asking price: $217,300 ($170.03/sq ft).
  • Turnkey investment in a desirable Florida market with growth potential.

Property Details for 2105 Avenue Q

Property type
Residential income homes
Square Feet
1,278 SF
Units
8

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.465709473287
Longitude
-80.34614077682
2105 Avenue Q, Fort Pierce, Florida

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2105 Avenue Q
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