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Wade M. Berlin

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642 Eldorado Street
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PRICED AT ONLY: $1,200,000

Address: 642 Eldorado Street, Fort Pierce, FL 34949

Description

Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest growing coastal submarkets. Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment, this fully occupied multifamily portfolio offers immediate cash flow with approximately $157,800 in current gross annual income. Units average approximately 1,001 SF and feature separate electric meters, impact windows, and recent renovations. Frame and stucco construction with strong rental history and future upside through lease optimization. Positioned near major redevelopment projects including the planned surf park and continued Port of Fort Pierce expansion.

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  • MLS#: B26027258 ( Residential Income )
  • Street Address: 642 Eldorado Street
  • Viewed: 9
  • Price: $1,200,000
  • Price sqft: $253
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 4740
  • Days On Market: 1

Description

Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest growing coastal submarkets. Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment, this fully occupied multifamily portfolio offers immediate cash flow with approximately $157,800 in current gross annual income. Units average approximately 1,001 SF and feature separate electric meters, impact windows, and recent renovations. Frame and stucco construction with strong rental history and future upside through lease optimization. Positioned near major redevelopment projects including the planned surf park and continued Port of Fort Pierce expansion.
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Features
Building and Construction
  • Exterior Features: None
  • Flooring: Tile
  • Roof: Shingle
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Individual
  • Heating: Central
  • Pets Allowed: Yes, No Restrictions
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Legal Description: OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN`S S/D BLK 6 N 38.96 FT OF LOT 10 AND S 40.92 FT OF LOT 11
  • Levels: Two
  • Parcel Number: 240150300620003
  • Zoning Code: HI Medium
Nearby Subdivisions
Amended Plat Of Jennings Cove    Anacostia   Bayshore Estates Unit 2   Beachcomber Phase Ii   Coastal Coves Unit 1   Coral Cove Beach Section 1   Diamond Shores   Fort Pierce Beach Subdivision   Fort Pierce Shores Unit 5 Repl   Fort Pierce Sub   Fort Pierce Subdivision   Ft Pierce Beach Subdivision   La Entrada Del Mar Condo   Mariner Bay   None   Ocean View Sub Rep Holley & Mo   Ocean View Subdivision Replat    Outer Reef, A Condominium   Palm Haven Subdivision   Riverpointe At The Sands   Riverwalk At Sands, A Condomin   Surfside   Surfside Unit 1 Subdivision   Surfside Unit 2   Thumb Point Sub   Tropical Beach   Watersong   Watersong Pud One  
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Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest growing coastal submarkets. Located near the Intracoastal, beaches, Jetty P

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Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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