Remodeled Duplex Income
924 Skylark Drive Fort Pierce, FL 34982
For Sale
Contact for pricing
Concrete block duplex with remodeled interiors, central A/C, and separate electric and water meters for each unit.
Property Size1,652 SF
Price / SF$202.78
Days on Market20
Property Features for 924 Skylark Drive
General Information
- Standard status
- Active
- Size
- 1,652 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency:
Coldwell Banker Paradise
(772) 971-7424
Listed By:
Hoyt Murphy · License #186988
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 24 at 6:45AM
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.
South Fort Pierce concrete block duplex featuring two units, each with 2 bedrooms and 1 bathroom. Both interiors have been remodeled, and the property offers central A/C throughout. The roof was replaced about three years ago, and the drainfield was replaced about two years ago. The duplex is served by city water and a septic system, with separate electric and water meters for each unit.
The property is currently occupied with both tenants on month-to-month terms, and it is generating $2,700 per month. Each unit’s current configuration supports continued rental use as a two-bedroom, one-bath layout.
For additional flexibility, there is noted potential to increase rents based on in-place operations.
The property is currently occupied with both tenants on month-to-month terms, and it is generating $2,700 per month. Each unit’s current configuration supports continued rental use as a two-bedroom, one-bath layout.
For additional flexibility, there is noted potential to increase rents based on in-place operations.
Key Highlights
- Concrete block duplex built in 1972 with 2‑bedroom, 1‑bath units
- Both units have remodeled interiors
- Central A/C
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 | $36.7k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.7k | $20.98 |
| − OpEx | −$10.4k | −$6.29 |
| NOI | $24.3k | $14.69 |
1,652 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.3K – $404.3K
NOI $24,260 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.4K
NOI $22,524 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$415.5K
$363.5K – $484.7K
NOI $29,082 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Concrete block duplex with remodeled interiors, central A/C, and separate electric and water meters for each unit.
Where is this duplex located?
The property is located at 924 Skylark 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 1972 with 2‑bedroom, 1‑bath units; Both units have remodeled interiors; Central A/C
