506 N 2nd St
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506 N 2nd St
8 Unit Apartment Building $950,000 ($118,750/Unit) 8.60% Cap Rate Fort Pierce, FL 34950
Investment Highlights
- Median household income of $18,056 within a three mile radius
- N 4th St has a daily traffic count of 27,118 vehicles
Executive Summary
Invest in Downtown Fort Pierce today! This sale includes 2 parcels, 506 N 2nd St Units 1-4 and 506 N 2nd St Units 5-8. Eight units total! Remodeled inside and out. Hurricane windows, newer roofs, water heaters and more! Easy to rent! Use for short or long term rentals! Edgartown gives you so much flexibility with long term investment gains! 511 N 2nd Street is also available for sale, total of 8 units! Make this your downtown cash cow!
Property Facts Under Contract
| Price | $950,000 | Apartment Style | Low Rise |
| Price Per Unit | $118,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 8.60% | Building Size | 1,440 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2018 |
| Property Subtype | Apartment |
| Price | $950,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 1,440 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2018 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Window Coverings
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 3 | - | - |
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PROPERTY TAXES
| Parcel Number | 24-03-705-0102-1003 | Improvements Assessment | $66,700 |
| Land Assessment | $152,100 | Total Assessment | $218,800 |
PROPERTY TAXES
Parcel Number
24-03-705-0102-1003
Land Assessment
$152,100
Improvements Assessment
$66,700
Total Assessment
$218,800
zoning
| Zoning Code | HIGH DESIT (EDGARTOWN SETTLEMENT DISTRICT) |
| HIGH DESIT (EDGARTOWN SETTLEMENT DISTRICT) |
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506 N 2nd St
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