Other Multifamily
1219 Avenue M Fort Pierce, FL 34950
For Sale
Contact for pricing
For sale multifamily property at 1219 Avenue M, Fort Pierce, with rental income potential; cash purchase requested per broker remarks.
Property Size1,516 SF
Price / SF$171.44
Days on Market164
Property Features for 1219 Avenue M
General Information
- Standard status
- Active
- Size
- 1,516 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing Agency:
EXP Realty LLC
(786) 953-5870
Listed By:
Manuel Arce · License #3357807
Source:
Crexi
Added: Feb 13
Changed: Jul 22
Last Checked: Jul 25 at 12:21PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Offered for sale, this other multifamily property at 1219 Avenue M in Fort Pierce, Florida. The listing is presented as a rental opportunity, with terms indicating cash purchase only—please see broker remarks for details.
The property’s financial and operational specifics are not provided in the available materials. Interested parties should review the broker remarks and any attached documents to confirm the current configuration, income potential, and allowable terms.
As presented, this is a straightforward multifamily acquisition targeted to buyers who can close with cash.
The property’s financial and operational specifics are not provided in the available materials. Interested parties should review the broker remarks and any attached documents to confirm the current configuration, income potential, and allowable terms.
As presented, this is a straightforward multifamily acquisition targeted to buyers who can close with cash.
Key Highlights
- Multifamily property for sale at 1219 Avenue M, Fort Pierce
- Year built: 1967
Financial Insights For Apartment 5plus
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 | $39.5k | $26.04 |
| − Vacancy | −$1.9k | −$1.25 |
| EGI | $37.6k | $24.79 |
| − OpEx | −$16.9k | −$11.16 |
| NOI | $20.7k | $13.63 |
1,516 SF · lease $26.04/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,670 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - For sale multifamily property at 1219 Avenue M, Fort Pierce, with rental income potential; cash purchase requested per broker remarks.
Where is this multifamily property located?
The property is located at 1219 Avenue M Fort Pierce, FL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Multifamily property for sale at 1219 Avenue M, Fort Pierce; Year built: 1967
