513 43Rd St Fort Pierce, FL 34947

Property Details for 513 43Rd St

Property size

1,342 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of eight rental units in Fort Pierce, Florida. The portfolio comprises one quadplex and four single-family homes, offering a diverse range of rental income streams. The quadplex, situated on a desirable corner lot, features two 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, totaling 1,278 square feet. The single-family homes range in size from 840 to 1,342 square feet and offer various bedroom and bathroom configurations, including several with dens. The total portfolio square footage is 1,342 square feet. Currently operating at 100% occupancy, the portfolio generates a substantial pro-forma net operating income (NOI) of $23,988, resulting in an attractive pro-forma cap rate of 11.04%. The asking price is $217,300, translating to a price per square foot of $161.92. This turnkey investment is ideal for seasoned real estate investors seeking strong cash flow and significant return on investment. The properties are located at various addresses in Fort Pierce, Florida, within St. Lucie County, zip code 34947 and 34950. This portfolio offers a compelling opportunity to acquire a well-performing, diversified rental property portfolio in a growing market. The properties are currently generating significant rental income, with estimates ranging from $1,700 to $1,999 per month for the single-family homes and $6,000 per month for the quadplex.