Concrete Block Duplex with Impact
805 S Lake Drive Fort Pierce, FL 34982
For Sale
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Concrete block duplex with two 2-bedroom, 1-bath units, including recent impact windows in Unit B.
Property Size2,084 SF
Price / SF$160.75
Days on Market19
Property Features for 805 S Lake Drive
General Information
- Standard status
- Active
- Size
- 2,084 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing Agency:
Coldwell Banker Paradise
(772) 971-7424
Listed By:
Hoyt Murphy · License #186988
Source:
Crexi
Added: Jul 8
Changed: Jul 20
Last Checked: Jul 24 at 2:38PM
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 Coldwell Banker Paradise
Investment Insights
Based on property information with market context.
This concrete block duplex features two separate 2-bedroom, 1-bath units, with Unit B including interior remodeling. Unit B also has impact windows installed about 1 1/2 years ago.
The property is served by city water and includes a newer drainfield, reportedly about 3 years old. The metal roof was installed in 2001.
Both tenants are on month-to-month leases, and the duplex is currently generating $3,147 per month in gross income. The property is located at 805 S Lake Drive in Fort Pierce, FL 34982, on a street described as primarily single-family homes.
The property is served by city water and includes a newer drainfield, reportedly about 3 years old. The metal roof was installed in 2001.
Both tenants are on month-to-month leases, and the duplex is currently generating $3,147 per month in gross income. The property is located at 805 S Lake Drive in Fort Pierce, FL 34982, on a street described as primarily single-family homes.
Key Highlights
- Concrete block duplex built in 1973 with two 2‑bedroom, 1‑bath units (Unit B remodeled).
- Unit B interior remodeled with impact windows installed about 1.5 years ago.
- City water service and a newer drainfield installed about 3 years ago.
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 | $46.3k | $22.20 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $43.7k | $20.98 |
| − OpEx | −$13.1k | −$6.29 |
| NOI | $30.6k | $14.69 |
2,084 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.2K
$382.6K – $510.1K
NOI $30,604 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$405.9K
$355.2K – $473.6K
NOI $28,414 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$524.1K
$458.6K – $611.5K
NOI $36,687 @ 7.0% cap · market cap 10.95%
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 - Concrete block duplex with two 2-bedroom, 1-bath units, including recent impact windows in Unit B.
Where is this duplex located?
The property is located at 805 S Lake Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Concrete block duplex built in 1973 with two 2‑bedroom, 1‑bath units (Unit B remodeled).; Unit B interior remodeled with impact windows installed about 1.5 years ago.; City water service and a newer drainfield installed about 3 years ago.
