Sea House Apartments | 601 S Ocean Dr
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Sea House Apartments 601 S Ocean Dr
12 Unit Apartment Building $3,200,000 ($266,667/Unit) Fort Pierce, FL 34949
Investment Highlights
- 12-unit multifamily apartments
- Strategic location along the Atlantic coast
- Divers unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
Executive Summary
Discover a prime investment with this 12-unit multifamily apartments currently grossing $225,000 annually.
The unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
The strategic location along the Atlantic coast further adds value to the investment, as it positions the property within a desirable and sought-after destination. The potential for high rental demand, coupled with the picturesque surroundings, ensures not just a sound financial investment but also an opportunity to capitalize on the growing market for vacation rentals.
The unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
The strategic location along the Atlantic coast further adds value to the investment, as it positions the property within a desirable and sought-after destination. The potential for high rental demand, coupled with the picturesque surroundings, ensures not just a sound financial investment but also an opportunity to capitalize on the growing market for vacation rentals.
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 5,569 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low Rise | Parking Ratio | 2.87/1,000 SF |
| Price | $3,200,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 5,569 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.87/1,000 SF |
Site Amenities
- Laundry Facilities
- Picnic Area
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 24-01-502-0020-0004 | Improvements Assessment | $1,167,500 |
| Land Assessment | $121,000 | Total Assessment | $1,288,500 |
PROPERTY TAXES
Parcel Number
24-01-502-0020-0004
Land Assessment
$121,000
Improvements Assessment
$1,167,500
Total Assessment
$1,288,500
zoning
| Zoning Code | R-4A |
| R-4A |
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Sea House Apartments | 601 S Ocean Dr
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