2105 Avenue QFort Pierce, FL 34950

Property Details for 2105 Avenue Q

Property size (Sq ft)

1,278 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.4657

Longitude

-80.3461

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