Duplex Rental and Development
120 Coquina St Fort Pierce, FL 34949
120 Coquina St, Fort Pierce, FL, 34949
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For Sale
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Duplex offers two identical 2BR 1BA units with a backyard storage shed and ample parking.
Property Size1,978 SF
Price / SF$287.66
Days on Market105
Property Features for 120 Coquina St
General Information
- Standard status
- Active
- Size
- 1,978 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agency
Water Vista Realty, Inc.
(305) 396-7844
Listed by
Dan Cloud Jr · License #3531019
Source
Crexi
Added: Apr 9 Updated: Jul 21 at 2:51AM Checked: Jul 21 at 2:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Water Vista Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex includes two units with the same floor plan, each featuring 2 bedrooms and 1 bathroom. The property also has a backyard storage shed with a garage door and a side door for easier access. Parking is available onsite.
The duplex is within walking distance of Fort Pierce Inlet, Jetty Park, and Atlantic Ocean beaches, with multiple seafood restaurants along the inlet also in walking distance. The remarks indicate convenient access to I-95 and the Florida Turnpike.
The site is described as zoned for multifamily development of less than 10 units, with multiple new 3-story multifamily complexes reported directly behind the duplex.
The duplex is within walking distance of Fort Pierce Inlet, Jetty Park, and Atlantic Ocean beaches, with multiple seafood restaurants along the inlet also in walking distance. The remarks indicate convenient access to I-95 and the Florida Turnpike.
The site is described as zoned for multifamily development of less than 10 units, with multiple new 3-story multifamily complexes reported directly behind the duplex.
Key Highlights
- 1966 duplex with two identical 2BR/1BA units, each with the same floor plan
- Backyard includes a large storage shed with a garage door and a side door for easy access
- Ample parking for RVs, boats, jet skis, and trailers
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 | $43.9k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $41.5k | $20.98 |
| − OpEx | −$12.4k | −$6.29 |
| NOI | $29.0k | $14.69 |
1,978 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.0K
$363.1K – $484.1K
NOI $29,048 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$385.3K
$337.1K – $449.5K
NOI $26,969 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$497.4K
$435.3K – $580.4K
NOI $34,821 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two identical 2BR 1BA units with a backyard storage shed and ample parking.
Where is this duplex located?
The property is located at 120 Coquina St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1966 duplex with two identical 2BR/1BA units, each with the same floor plan; Backyard includes a large storage shed with a garage door and a side door for easy access; Ample parking for RVs, boats, jet skis, and trailers
