670 Hernando St Fort Pierce, FL 34949
This exceptional investment opportunity presents a fully remodeled, five-unit apartment building situated in Fort Pierce, Florida's desirable South Hutchinson Island. The property, built in 1949 and boasting a two-story design, offers a total of nine bedrooms and six bathrooms across its five units. Unit sizes vary, ranging from a spacious 1,489 square foot, two-bedroom, two-bathroom unit to a cozy 330 square foot, one-bedroom, one-bathroom unit. The other units include a 777 square foot, two-bedroom, one-bathroom unit; an 867 square foot, three-bedroom, one-bathroom unit; and another 480 square foot, one-bedroom, one-bathroom unit. Conveniently located within walking distance of pristine beaches, this fully licensed and operational property provides ample parking with five designated spaces. Currently furnished, this well-maintained building offers immediate income generation and significant potential for value appreciation in a thriving coastal market. The asking price is below appraised value, making this a compelling investment opportunity for discerning buyers. The property is located at 670 Hernando St, Fort Pierce, FL 34949, in St. Lucie County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.