Renovated Duplex Income
928 Fra Mar Place # 2 Fort Pierce, FL 34982
928 Fra Mar Place # 2, Fort Pierce, FL, 34982
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For Sale
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Well-maintained duplex with renovated 3-bedroom unit and a separate currently rented 2-bedroom unit for flexible occupancy.
Property Size2,154 SF
Price / SF$193.08
Days on Market96
Property Features for 928 Fra Mar Place # 2
General Information
- Standard status
- Active
- Size
- 2,154 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency
1st Class Real Estate Paradise
Listed by
Covasky Brutus · License #3458280
Source
Crexi
Added: Apr 14 Checked: Jul 17 at 11:26 am
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 1st Class Real Estate Paradise
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate units, with a recently refreshed exterior and a durable metal roof. Unit 1 is a renovated 3-bedroom, 1-bath home featuring new kitchen cabinets and countertops, updated light fixtures, brand-new appliances including a refrigerator and stove, and tile flooring throughout. Unit 2 is a 2-bedroom, 1-bath unit that is currently rented and occupied.
The property is located at 928 Fra Mar Place #2 in Fort Pierce, FL 34982. As a duplex, it offers two independent living spaces within a single ownership.
For buyers looking for rental income or an owner-occupant setup, the layout provides straightforward flexibility: one unit can be used personally while the other remains rented. With Unit 1’s recent interior updates and Unit 2’s existing tenancy, this configuration can be appealing to investors and owner-occupants seeking a duplex with attention to upgrades and day-to-day manageability.
The property is located at 928 Fra Mar Place #2 in Fort Pierce, FL 34982. As a duplex, it offers two independent living spaces within a single ownership.
For buyers looking for rental income or an owner-occupant setup, the layout provides straightforward flexibility: one unit can be used personally while the other remains rented. With Unit 1’s recent interior updates and Unit 2’s existing tenancy, this configuration can be appealing to investors and owner-occupants seeking a duplex with attention to upgrades and day-to-day manageability.
Key Highlights
- 1963‑built duplex with freshly painted exterior and a metal roof
- Unit 1: renovated 3‑bedroom, 1‑bath with new kitchen cabinets and countertops, updated light fixtures, tile flooring
- Unit 1 includes brand‑new appliances (including refrigerator and stove)
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 | $47.8k | $22.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $45.2k | $20.98 |
| − OpEx | −$13.6k | −$6.29 |
| NOI | $31.6k | $14.69 |
2,154 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.9K
$395.4K – $527.2K
NOI $31,632 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$419.6K
$367.1K – $489.5K
NOI $29,369 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$541.7K
$474.0K – $632.0K
NOI $37,919 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with renovated 3-bedroom unit and a separate currently rented 2-bedroom unit for flexible occupancy.
Where is this duplex located?
The property is located at 928 Fra Mar Place # 2 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $415,900.
What are key features of this property?
This property features: 1963‑built duplex with freshly painted exterior and a metal roof; Unit 1: renovated 3‑bedroom, 1‑bath with new kitchen cabinets and countertops, updated light fixtures, tile flooring; Unit 1 includes brand‑new appliances (including refrigerator and stove)
