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    213 27Th St Fort Pierce, FL 34947

    Sponsored
    For Sale
    $585,000

    High-yield, 6-unit value-add opportunity.

    Property size:
    2,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained, fully occupied six-unit multifamily property located at 213 N 27th Street in Fort Pierce. The property, built in 1960, offers 2,962 square feet of net rentable space across a single, one-story building. Currently boasting a strong 8.5% capitalization rate, this Class C property provides a stable cash flow with significant upside potential. The nearly 100% occupancy rate demonstrates consistent demand and a reliable tenant base. Situated in a rapidly developing area close to downtown Fort Pierce, this property benefits from excellent growth potential and increased property values. The building is in excellent structural condition, reflecting consistent upkeep. Further enhancing the investment appeal, new windows have been ordered and are scheduled for installation, adding to the property's value and improving efficiency. This value-add opportunity is ideal for investors seeking a strong return on investment through both rental income and long-term appreciation, making it a compelling addition to any portfolio. The property is zoned 0800 - M-F. The asking price is $585,000.

    Property Features for 213 27Th St

    General Information

    Property type
    Specialty properties
    Square Feet
    2,962 SF
    Class
    C

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    6
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.351963442297
    Latitude
    27.449280572375

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    FAQs

    What type of property is this?
    Specialty property - High-yield, 6-unit value-add opportunity.
    Where is this specialty property located?
    The property is located at 213 27Th St Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $585,000.
    Request Owner's contact information
    213 27Th St Fort Pierce, FL 34947
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    Fort Pierce, FL 34947
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213 27Th St Fort Pierce, FL 34947
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