1610 25Th StFort Pierce, FL 34947

Property Details for 1610 25Th St

Year built

1969

Property size (Sq ft)

10,136 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fort Pierce

County

St Lucie

State

Florida

Latitude

27.4645

Longitude

-80.3494

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