Property Listing No Longer Available for Sale

1144 S Ocean Drive South Hutchinson Island

Fort Pierce, FL

Multi-family for Sale - $895,000 - 4,624 Sq. Ft. on 0.29 acres


Property Info

CIMLS#975950
Location
  1144 S Ocean Drive South Hutchinson Island
  Fort Pierce FL 34949
UpdatedMarch 8th, 2018
TypeMulti-family
Price$895,000
Building4,624 Sq. Ft.
Land0.29 acres

Property Description

Four Oceanfront Apartments for Sale! Three units are 1 bedroom and 1 bathroom and one unit is 1 bedroom and 2 bathrooms. These are large units over 900 SF each. Solid CBS Construction. All Units have their own electric and water meters.

The two Top Floor units have fabulous views of the Atlantic Ocean and rent for $1,200 per month. The 1st floor two units rent for $1,100 per month. Income and Expense information is shown on the attached Proforma. The property includes a coin-operated laundry facility and there are separate electric and water meters for that as well.

Numerous improvements were made to the building in 2015. These include new A/C systems, hot water heaters, appliances, impact windows (except for sliding doors) and a new roof. Property is currently tenant occupied. Fantastic Income Property!


Financials