2221 42Nd St Fort Pierce, FL 34946

This exceptional investment opportunity in Fort Pierce, Florida, consists of a diverse portfolio of eight rental units, offering significant potential for strong returns. The portfolio includes a four-unit quad-plex located at 702 N. 15th St., Fort Pierce, FL 34950, featuring a mix of one, two, and three-bedroom units, totaling 1,278 square feet. Additionally, the portfolio comprises four single-family homes: a three-bedroom, one-bathroom home with a den at 513 N. 43rd St., Fort Pierce, FL 34947 (1,342 sq ft); a three-bedroom, one-bathroom home at 1405 N. 22nd St., Fort Pierce, FL 34950 (1,236 sq ft); a three-bedroom, two-bathroom home with a large den at 2105 Ave. Q, Fort Pierce, FL 34950 (1,321 sq ft); and a three-bedroom, one-bathroom home situated on a corner lot at 2221 N. 42nd St., Fort Pierce, FL 34947 (840 sq ft). The entire portfolio boasts a total of 8 units and 840 net rentable square feet, currently operating at 100% occupancy. The asking price is $185,500, representing a price per square foot of $220.83 and a pro-forma cap rate of 11.00%, with a projected net operating income (NOI) of $20,400. This portfolio presents a compelling investment opportunity for discerning buyers seeking immediate cash flow and long-term appreciation in a thriving Florida market. The individual unit rental estimates range from $1,700 to $1,999 for the single-family homes and $6,000 for the quad-plex. This information is based on estimates and should be independently verified.