213 27Th St Fort Pierce, FL 34947

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.