PRICED AT ONLY: $525,000
Address: 505 27th Street N, Fort Pierce, FL 34947
Description
BRAND NEW Duplex Investment Opportunity! This exceptional property boasts a monthly gross revenue of $4,974 making it an ideal addition to any real estate portfolio. It has an impressive annual gross income of nearly $60,000. With a cap rate of approximately 10.04%, this investment offers a compelling rate of return that surpasses many market alternatives. Each unit is extremely efficient and situated in a high demand location, ensuring consistent tenant interest and dependable cash flow. Don't miss your chance to secure this lucrative investment property!
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- MLS#: RX-11111382 ( Duplex )
- Street Address: 505 27th Street N
- Viewed: 1
- Price: $525,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2025
- Bldg sqft: 0
- Days On Market: 8
- Additional Information
- Geolocation: 27.4532 / -80.3524
- County: SAINT LUCIE
- City: Fort Pierce
- Zipcode: 34947
- Subdivision: Magnolia Park Subdivision
- Provided by: Meant2b Realty LLC
- Contact: Nicholas Tobis
- (772) 877-2338
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.352377
- Construction: Block, CBS, Concrete
- Exterior Features: Awnings, Room for Pool
- Flooring: Concrete
- Roof: Metal
- Sqft Source: Floor Plan
- Sqft Total: 1780.00
- Total Building Sqft: 1760.00
Property Information
- Property Condition: Under Construction
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: 1/4 to 1/2 Acre
- Subdivision Information: None
Eco-Communities
- Private Pool: No
- Storm Protection Panel Shutters: Complete
- Waterfront Details: None
Utilities
- Carport Spaces: 4.00
- Cooling: Central Individual, Electric
- Heating: Central Individual, Electric
- Number Of Stories: 1.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: Yes
- Utilities: Cable, Electric, Public Water, Septic
Finance and Tax Information
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 52688.00
- Income Expenses Annual Total Expense: 7000.00
- Income Expenses Gross Operating Inc: 59688.00
- Source Of Expenses: Proforma
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Common Area Maint, Electric, Sewer, Water
Other Features
- Avail Info: None
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: MAGNOLIA PARK BLK 2 LOTS 11 AND 12
- Parcel Id: 240850200310005
- Possession: At Closing
- Special Assessment: No
- Zoning: Medium
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
