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501 Azalea Ave

Fort Pierce, FL 34982
  • $10,000,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: F10328116
UPDATED: 33 min ago
$10,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,560
    SQFT
  • $6,410
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
Area:

School Ratings & Info

Description

53 Unit Portfolio with 10 single family homes, 16 duplexes with triplexes and quads all located in Booming Downtown Fort Pierce. 100% occupied with an endless waiting list. Rents well below market...Huge upside with minimal changes. Currently at roughly $540,000 yearly rental income...can easily be $700,000 in yearly income. All concrete block construction. Separately metered for water and electric on 95% of units. Each unit has a security deposit which will be transferred to new owner. Proof of funds must be provided to discuss further details. Seller open to provide financing with 40% down.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-06-30T22:18:20.737.
www.castellihomes.com/homes/128066352
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501 Azalea Ave Fort Pierce, FL 34982

  • Price: $10,000,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 33 min ago
  • MLS #: F10328116
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,560
SQFT
$6,410
$/SQFT
1973
Built
Neighborhood:
Downtown Fort Pierce
County:
St. Lucie County
Area:
7070
Property Description
53 Unit Portfolio with 10 single family homes, 16 duplexes with triplexes and quads all located in Booming Downtown Fort Pierce. 100% occupied with an endless waiting list. Rents well below market...Huge upside with minimal changes. Currently at roughly $540,000 yearly rental income...can easily be $700,000 in yearly income. All concrete block construction. Separately metered for water and electric on 95% of units. Each unit has a security deposit which will be transferred to new owner. Proof of funds must be provided to discuss further details. Seller open to provide financing with 40% down.
Exterior Features

Construction Type Concrete Block Construction Lot Description Less Than 1/4 Acre Lot Parking Spaces 2 Pool No Property Type Information Detached Roof Description Wood Shingle Roof Style Duplex Type Of Property Duplex Waterfront Property YN No

Interior Features

Cooling Description Ceiling FansCentral CoolingElectric Cooling Floor Description Ceramic FloorTerrazzo FloorsTile Floors Heating Description Central HeatElectric Heat

Property Features

Association Type None Auction YN No Cable Available Yes Development Name Downtown Fort Pierce Gated Community YN No Geographic Area St Lucie County 7060; 7070; 7080; 7090 Information Available Deposit - Last Months RentCopy Of Lease(S)Rent Rolls Possession Information Funding Rent Includes Lawn Care REO No Sewer Description Municipal Sewer Short Sale No Special Information As Is Subdivision Name Downtown Fort Pierce Tax Amount 2367 Tax Information Tax Reflects No Exemptions Tax Year 2021 Terms Considered Cash Year Built Description Resale Zoning Information Multi

Listing provided courtesy of Solomon Homes. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-06-30T22:18:20.737.
 
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Castelli Real Estate Services
2227 Wilton Drive
Fort Lauderdale FL, 33305