Multifamily Apartments Near Atlantic
For Sale
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601 S Ocean Dr, Fort Pierce, FL 34949
12-unit multifamily apartments grossing $225,000 annually near the Atlantic coast.
Days on Market850
Property Features for 601 S Ocean Dr
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(772) 215-1167
Listed By:
Brian Schwan · License #FL SL3479736
Source:
Crexi
Added: Apr 5, 2024
Changed: Jul 6
Last Checked: Aug 1 at 5:22PM
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This property features 12 multifamily apartments, currently generating a gross annual income of $225,000. The unit mix includes two 2-bedroom/2-bathroom units, three 1-bedroom/1-bathroom units, and seven additional units. The property's location along the Atlantic coast enhances its investment appeal, positioning it within a desirable destination. This location offers the potential for high rental demand and the opportunity to capitalize on the growing market for vacation rentals.
Key Highlights
- Grosses $225,000 annually.
- 12‑unit multifamily apartments.
- Strategic location along the Atlantic coast.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 34949, FL
8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit multifamily apartments grossing $225,000 annually near the Atlantic coast.
Where is this apartment building located?
The property is located at 601 S Ocean Dr Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Grosses $225,000 annually.; 12‑unit multifamily apartments.; Strategic location along the Atlantic coast.
