For Sale
$2,200,000

1610 25Th StFort Pierce, FL 34947

14-Unit Property, High Demand Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained 14-unit multifamily property located at 1610 N 25th St, Fort Pierce, Florida, 34947. The property, built in 1969, comprises a single two-story building totaling 10,136 square feet. Each of the 14 units offers 720 square feet of living space, featuring two bedrooms and one bathroom. Tenant convenience is maximized with individual electrical meters and central air conditioning in every unit. Ample on-site parking is provided. Further enhancing income potential, the property includes two designated areas for shared laundry facilities. Recent capital improvements significantly enhance the property's value and longevity. These include a new roof installed in 2022 and comprehensive underground electrical upgrades completed in 2023. Situated on a major street within a high-demand rental market, this property offers strong cash flow and significant upside potential. The asking price is $2,200,000, with 40% owner financing available, making this a compelling investment opportunity in the thriving Fort Pierce market. This property is ideally suited for investors seeking a stable, income-generating asset with significant potential for future appreciation.

Highlights

  • $2,200,000 asking price.
  • 14-unit multifamily property in Fort Pierce, FL.
  • 10,136 square feet.
  • Two-story building, built in 1969.
  • 14 units, each with 2 bedrooms and 1 bathroom (720 sq ft).
  • Central A/C and separate electric meters.

Property Details for 1610 25Th St

Property type
Square Feet
10,136 SF
Year Built
1969
Buildings
1
Stories
2

Location Insight

City
Fort Pierce
County
St Lucie
State
Florida
Latitude
27.4644803
Longitude
-80.3493575
1610 25Th St, Fort Pierce, Florida

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1610 25Th St
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