11099 Ridge Avenue Fort Pierce, FL 34982
MULTI_FAMILY - Fort Pierce, FL
- Added:
- Mar 11, 2025
- Days on Market:
- 488
- Last Refresh:
- Jul 11 at 1:06 pm
Property Features for 11099 Ridge Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS-4Co
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 5
- Window features
- Bay Window(s)
- Patio and Porch features
- Patio
- Pool private
- 1
- Standard status
- Active
- APN
- 353250300790104
- Size
- 2,848 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- B S HARRIS S/D BLK 6 FROM SE COR LOT 2 RUN NWLY ALG W R/W RIDGE AV 240 FT TO POB, TH CONT ALG SD R/W 80 FT, TH WLY // WI
- Tax Annual Amount
- 8914
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Well
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Frame
- Roof type
- Composition
Listing agent Sergio Luis Martinez License #637989 (786) 326-7698
Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL (877) 366-2213
Listing date Mar 11, 2025
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- 6/4 duplex income opportunity minutes from the beach, with 2 units and separate living spaces
- Unit A is a 3/2 rented for $2,500; Unit B is a 3/2 currently rented for $2,000
- Each unit has access to a private pool and is within walking distance to the Indian River
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $22.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $59.7k | $20.98 |
| − OpEx | −$17.9k | −$6.29 |
| NOI | $41.8k | $14.69 |
