Affordable Fort Pierce Duplex

Affordable Fort Pierce Duplex

4 bed 2 bath 1144 sq ft Built in 1947 Multi-family
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65
Occupancy Status
Low High
16 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
12/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

Checkout this amazing low cost concrete block duplex at $70,000 per door in Saint Lucie County. Each unit boasts two bedrooms and one bathroom with separate electric and water meters. Currently, one unit is vacant and another renting at $600 on a month to month basis. Market rent in the area for two bed, one bath units ranges between $1,000 - $1,200 creating an opportunity for greater cash flow.

The duplex will need a full interior and exterior renovation to capture market rents. With neighboring comparables we're estimaitng an after value of $230,000. Not only can this multifamily property can provide great cash flow but also great equity for a fix and flip. As a disclaimer, this property will have to be bought exception to title due to liens that will have to be negotiated with the City of Fort Pierce. For more information on this multifamily opportunity contact your EquityPro Advisor. 

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We recommend rent
Rental Income
$2,400 mo. / $28,800 yr.
Estimated Taxes
$1,448 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$21,972
Projected Income
13.24%
Estimated APY
$33,125
Projected Income
16.01%
Estimated ROI

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